The Business Master (3rd Edition)/The Business Master (3rd Edition).iso/files/finacial/chart2/pcc.exe/CHART.DOC

Text File | 1991-12-31 | 198.3 KB | 5,641 lines

                                      PC Chart

                             Technical Analysis Program

                                     Version 1.4

                                   January 1, 1992

                               Shareware Documentation

                     Copyright (c) 1988 - 1992 Guru Systems Ltd.

                                Written by Gene Quong

                                All rights reserved.


                             _______
                        ____|__     |               (R)
                     --|       |    |-------------------
                       |   ____|__  |  Association of
                       |  |       |_|  Shareware
                       |__|   o   |    Professionals
                     -----|   |   |---------------------
                          |___|___|    MEMBER
















          PC Chart Documentation                             Page i of xvii


                            Software Licence and Warranty

          This terms of the software license and warranty are contained in
          the file "LICENSE.DOC" and "WARRANTY.DOC".

                                    ASP Ombudsman

          This program is produced by a member of the Association of
          Shareware Professionals (ASP).  ASP wants to make sure that the
          shareware principle works for you. If you are unable to resolve a
          shareware-related problem with an ASP member by contacting the
          member directly, ASP may be able to help. The ASP Ombudsman can
          help you resolve a dispute or problem with an ASP member, but
          does not provide technical support for members' products. Please
          write to the ASP Ombudsman at 545 Grover Road, Muskegon, MI
          49442- 9427 or send a Compuserve message via CompuServe Mail to
          ASP Ombudsman 70007,3536"

                                    How to Order

          A registered user of PC Chart has the following benefits.

          One year of technical support.  To contact us:

          1.  Phone [phone] Monday to Friday (9 - 5 p.m. PT)
          2.  Send message to G.QUONG on GEnie Star Services.
          3.  Send us a message to 72717,1651 on CompuServe.
          4.  Write us a letter.

          Extra utility programs and data files.

          1.  The Quote Translator program which converts data files from
              one format to another, archives old data, combines data
              files, creates continuous commodity contracts, updates and
              creates data files from ASCII files saved from Prodigy and
              TeleChart 2000 (a $49 value).

          2.  Price files for all thirty stocks in the Dow Jones
              Industrial Averages (a $30 value).

          Subscription to newsletter.

          Free one year subscription to our newsletter (4 issues per
          year).

          Commission

          Registrated users have the right to earn $25 when new
          registered users quote your registration number or name.

          Updates

          You are entitled to one free update of this program.




          PC Chart Documentation                            Page ii of xvii



          Typeset Manual

          The spiral-bound manual has been printed on a laser printer
          using Ventura Publisher.  This manual contains many computer
          generated charts, which is impossible to include in this
          text file.


                            Order Form for PC Chart

          Name           :
          Company        :
          Street Address :
                         :
          City           :
          State          :
          Zip Code       :
          Telephone #    :

                                   # of copies          :
                                   $106 US per copy     :
                                   Subtotal             :
                                   Shipping (Free in US :
                                   and Canada; $5
                                   Surcharge for
                                   Overseas Orders)     :
                                   Total                :

          We accept MasterCard, VISA, cheques, or money orders.  If paying by
          Mastercard or Visa, please fill out the following:

          Credit Card # :
          Valid Date    :
          Expiry Date   :
          Signature     :

          Send to:  Guru Systems Ltd.
                    314 E. Holly #106
                    Bellingham, WA 98225
                    [phone]

          Business hours: Monday to Friday  9 - 5 pm Pacific Time

          Or send us an E-mail message on CompuServe or GEnie.

          CIS  :  72717,1651
          GEnie:  G.QUONG









          PC Chart Documentation                           Page iii of xvii


                          How to Order PC Chart Plus

          We have another program called PC Chart Plus which is an enhanced
          version of the PC Chart program.  The upgrade process consists of
          copying two files onto your hard disk.  PC Chart can be used on a
          system with two 360K floppy disks or a hard disk and floppy
          disk.  PC Chart Plus requires a hard disk and one floppy or a
          system with one or two floppy drive(s) which have a minimum
          capacity of 720K.

          Enhancements:

              Extra support for commodity futures.  PC Chart Plus supports
              a seven-field format:  data, volume, open interest, open,
              high, low, close.

              Extra analytical studies:  Open Interest Versus Volume,
              Candlesticks, MACD, Relative Strength, Volatility,
              Alpha-Beta, Guru, and Market Guru.

              Extra display flexibility:  the number of days on screen can
              be varied from 60, 125, 250, or 500 days, all technical
              indicators can be applied on either a daily, weekly, or
              monthly basis (except Market Guru).

              Extra drawing capabilities:  upper and lower trend lines,
              fibonacci retracements, one-third and two-thirds speedlines,
              and upward and downward 45 degree lines can be drawn on any
              analytical study except Point & Figure.

              Manual scaling is supported in this version.

              Quick viewing of the next stock or future is supported.  One
              keystroke allows you to see the next stock or future.

              The Guru and Market Guru indicators give buy and sell
              signals.  The Market Guru indicator will allow you to scan
              all your securities, and lists all securities which are
              either overbought or oversold.

          Demo:

              PC Chart Plus is not a Shareware program.  If you want to
              evaluate a fully working version of this program for thirty
              days you must fill out the following form.












          PC Chart Documentation                           Page iv of xvii


                            Order Form for PC Chart Plus

          Name           :
          Company        :
          Street Address :
                         :
          City           :
          State          :
          Zip Code       :
          Telephone #    :

                                   # of copies           :
                                   $160 US per copy      :
                                   # of copies           :
                                   $ 8 US per demo copy  :
                                   Subtotal              :
                                   Shipping (Free in US  :
                                   and Canada)

                                   +===================+
                                   | Overseas Orders:  |
                                   | $ 2 Surcharge for |
                                   | demo disks        | :
                                   | $ 5 Surcharge for |
                                   | manual & software | :
                                   +===================+

                                   Total                 :

          We accept MasterCard, VISA, cheques, or money orders, please do
          not send cash in the mail.  If paying by Mastercard or Visa,
          please fill out the following:

          Credit Card # :
          Valid Date    :
          Expiry Date   :
          Signature     :

          Send to:  Guru Systems Ltd.
                    314 E. Holly #106
                    Bellingham, WA 98225
                    [phone]
                    Business hours: Monday to Friday  9 - 5 pm Pacific Time

          Or send us an E-mail message on CompuServe or GEnie.

          CIS  :  72717,1651
          GEnie:  G.QUONG









          PC Chart Documentation                            Page v of xvii


                               Part 1 Getting Started

          1       Installing and Starting PC Chart                       3

          1.1     Backing Up Your Disks                                  3

          1.2     Checking Disk Contents                                 3

          1.3     Installing PC Chart                                    4

                  1.3.1   Installation on a Hard Disk System             4

                  1.3.2   Installation on a Floppy Disk System           4

          1.4     Running the Chart Program                              4

                  1.4.1   Starting the Program                           5

                  1.4.2   Main Menu                                      5

                  1.4.3   Analysis Menu                                  7

                  1.4.4   File Menu                                      8

                  1.4.5   Setup                                          9

                  1.4.6   Modem                                          10

                  1.4.7   Exiting the Program                            11

                               Part 2 File Maintenance

          2       Creating Price Files                                   14

          2.1     Creating and Editing Symbol Files                      16

          2.2     Updating Price Files                                   18

          2.3     Editing Price Files                                    20

          2.4     Advance/Decline File Maintenance                       23

                  2.4.1   Update A/D                                     23

                  2.4.2   Create A/D File                                26

                  2.4.3   Edit Symbol File                               27

                  2.4.4   Edit A/D File                                  27

          2.5     Data Verification                                      29






          PC Chart Documentation                           Page vi of xvii



                                   Part 3 Analysis

          3       Technical Analysis                                     32

          3.1     Price/Volume                                           33

          3.2     Relative Strength Index                                35

          3.3     Moving Averages                                        36

          3.4     Parabolic System                                       38

          3.5     Logarthmic Plot                                        41

          3.6     Point & Figure                                         42

          3.7     Stochastics                                            43

          3.8     Weekly Chart                                           43

          3.9     Monthly Chart                                          44

          3.10    Money Flow                                             45

          3.11    Parameters                                             46

          3.12    Advance/Decline Indicators                             47

                                    Part 4 Setup

          4       Purpose of Setup                                       50

          4.1     Colors                                                 50

          4.2     Drive                                                  50

          4.3     Format                                                 51

          4.4     All-Quotes                                             52

          4.5     Dial/Data                                              53

          4.6     GEnie                                                  54

          4.7     Printer                                                55

                          Part 5 On-line Price Information

          5       Introduction to Telecommunications                     63

          5.1     All-Quotes                                             63

                  5.1.1   All-Quotes Menu Structure                      64

                  5.1.2   Daily                                          64

          PC Chart Documentation                          Page vii of xvii



                  5.1.3   Create                                         65

                  5.1.4   Manual                                         65

                  5.1.5   Update                                         65

                  5.1.6   Recreate                                       66

          5.2     Dial/Data                                              66

                  5.2.1 Daily                                            68

                  5.2.2 Create                                           71

                  5.2.3 Manual                                           72

                  5.2.4 Update                                           73

                  5.2.5 Recreate                                         73

          5.3     GEnie                                                  74

                  5.3.1 Daily                                            74

                  5.3.2 Manual                                           75

                  5.3.3 Update                                           76

          Bibliography                                                   76

          Index                                                          77

                                       Figures

          Figure 1.1 - Main Menu                                         5

          Figure 1.2 - Analysis Menu                                     7

          Figure 1.3 - File Menu                                         8

          Figure 1.4 - Setup Menu                                        9

          Figure 1.5 - Modem Menu                                        10

          Figure 2.1- Updating Price Files                               14

          Figure 2.2 - Create Price File Data Entry Screen               15

          Figure 2.3 - Creating and Editing Symbol Files                 16

          Figure 2.4 - Symbol File Entry Screen                          17

          Figure 2.5 - Updating Price Files                              18

          Figure 2.6 - Initial Spreadsheet                               19

          PC Chart Documentation                         Page viii of xvii



          Figure 2.7 - Entering Volume and Price Information             20

          Figure 2.8 - Editing Price Files                               21

          Figure 2.9 - Edit Spreadsheet                                  21

          Figure 2.10 - A/D File Menu                                    23

          Figure 2.11 - A/D Menu                                         23

          Figure 2.12 - Initial Spreadsheet                              24

          Figure 2.13 - Entering Advance Decline Information             25

          Figure 2.14 - A/D Menu                                         26

          Figure 2.15 - Create A/D File Date Entry Screen                26

          Figure 2.16 - A/D Menu                                         28

          Figure 2.17 - Edit Spreadsheet                                 28

          Figure 3.1 - Double Top                                        42

          Figure 3.2 - Double Bottom                                     43

          Figure 3.3 - Change Parameters                                 46

          Figure 4.1 - Colors Menu                                       50

          Figure 4.2 - Drive Menu                                        51

          Figure 4.3 - Data Format Menu                                  51

          Figure 4.4 - Dial/Data Menu                                    52

          Figure 4.5 - Printer Menu                                      53

          Figure 5.1 - All-Quotes Menu                                   64

          Figure 5.2 - Dial/Data Menu                                    67

          Figure 5.3 - Updating All Thirty Stocks in the DJIA            71

          Figure 5.4 - Creating a File Using Dial/Data                   71

          Figure 5.5 - GEnie Menu                                        74

          Figure 5.6 - Updating Price Files                              75

                                       Tables

          Table 1.1 - Menu Choice Keys                                    5

          Table 1.2 - Main Menu Description                               6

          PC Chart Documentation                            Page ix of xvii



          Table 1.3 - File Menu Description                               8

          Table 1.4 - Setup Menu Description                              9

          Table 1.5 - Modem Menu Description                             10

          Table 2.1 - Cursor Control Keys                                22

          Table 2.2 - Explanation of terms used in A/D                   25

          Table 2.2 - Cursor Control Keys for A/D                        29

          Table 3.1 - Screen Control Keys                                33

          Table 3.2 - Pick Control Keys                                  34

          Table 3.3 - Rules for Parabolic Time/Price System              39

          Table 4.1 - All-Quotes Parameters                              52

          Table 4.2 - Dial/Data Parameters                               53

          Table 4.3 - GEnie                                              54

          Table 5.1 - Stock Exchange Abbreviations                       63































          PC Chart Documentation                             Page x of xvii



                                    Introduction

          Welcome to PC Chart!  This package contains a comprehensive set
          of technical analysis tools which will enable you to determine
          when to buy and sell stocks and commodities.  It includes the
          following features:

                         Easy and Powerful Technical Studies

          The package is menu driven with an easy to use interface.  Most
          of the features of the program can be explored without reference
          to this manual.  Novices would be well advised to read this
          manual throughly.  This program is NOT a substitute for human
          logic and common sense.

                         Comprehensive Manual Editing Tools

          Small portfolios can be easily updated daily in less than fifteen
          minutes.  The program uses a spreadsheet-like interface for easy
          editing and updating of up to four hundred price files.

                           Telecommunication Capabilities

          For users who want automatic updating through a modem, this
          program allows you to update prices through All-Quotes,
          Dial/Data, or GEnie.  Users must subscribe to the service
          directly.  The addresses and phone number listed in the following
          pages.

          All-Quotes, Inc.
          40 Exchange Place
          Suite 1500
          New York, NY 10005

          Tel: [phone]

          All-Quotes charges $0.29 per minute.   No minimum monthly charge.



















          PC Chart Documentation                            Page xi of xvii



                                Effective May 1, 1988
                               Dial/Data Fee Schedule
                         Daily and Historical Data Retrieval

                              Charge Per Issue Per Day*

          # OF DAYS      COMMODITIES & INDEXES         STOCKS & OPTIONS

          1 - 100        0.035                         0.030
          101 - 200      0.025                         0.015
          201+           0.015                         0.010

          *Weekly sets add $0.02 per price
          *Monthly set add $0.02 per price
          *Muncipal Bonds $0.50 per price

          SIGN-UP FEE $25.00

          MONTHLY MINIMUM: $15.00

          MINIMUM $0.50 PER DATA RETRIEVAL RUN

                                 Examples of Charges

          Stocks:  Retrieving price sets of 80 stocks for business day in a
          month:

               80 x 0.03 = $ 2.40 per day         $ 2.40 x 22 days = $52.80

          Stocks:   Retrieving  price  sets for one stock for a  six  month
          period:

               Number of Days of data   =    6 x 22    = 132 days
                                 Cost   =  132 x 0.015 = $1.98

          Commodities:  Retrieving price sets of 25 commodity contracts for
          each business day in a month:

               Cost = 25 x 0.035 = $0.88 per day
                      $0.88 x 22 = $19.36 per month
















          PC Chart Documentation                           Page xii of xvii


          To:  Dial/Data a division of Track Data Corp.
               61 Broadway
               New York, NY, 10212-0124
               [phone]

          Please send me instruction on how to write my own software.

          I am using the PC Chart program provided by:  Guru System Ltd.
                                                        314 E. Holly #106
                                                        Bellingham, WA
                                                        98225

          I require both the 1200 and 2400 baud access Sprintnet numbers.

                            Pricing, Billing, and Payment

          The Dial/Data service pricing is on the preceding fee schedule.
          Track Data reserves the right to change these prices with 30 days
          prior notice.  All charges you incur must be:  (a) paid in the
          form of a personal cheque (deposit and signup fee enclosed), or
          (b) charged to a valid credit card (no deposit required).  Track
          Data Corp reserves the right to discontinue service without
          notice for non-payment or invalid credit card charges.  Client
          may cancel the service upon ten (10) days written notice.  The
          minimum monthly charge is $15.

          Initial Deposit _________________________________enclosed ($100)

          Signup Fee      _________________________________enclosed ($25)

          Credit Card #   _________________________expiry date __________

          American Express ___    MasterCard ___  Visa ___

          I acknowledge that the above provision and pricing, as well as
          the GENERAL TERMS AND CONDITIONS shall cover my use of the DIAL/DATA
          service, and accept responsibility for all charges generated
          under my account.

          Signed  ________________________________________ Date____________

          Name ____________________________________________________________

          Address _________________________________________________________

          City    _______________________ State __________ Zip ____________

          Tel:    _________________________________________________________









          PC Chart Documentation                          Page xiii of xvii


          Confidentiality:

          Client acknowledges that all material and information which has
          or will come into the possession or knowledge of each in
          connection with this CONTRACT FOR SERVICES or the performance
          hereof, consists of confidential and proprietary data, whose
          disclosure or use by third parties will be damaging.  Therefore,
          client agrees to hold such material and information in strictest
          confidence, not to make use thereof other than the performance of
          this contract, and not to release same, or disclose it to any
          other party.

          Track Data Property Rights:

          As to any program, data, or other materials made available to the
          Client by Track Data Corp., Track Data Corp. retains the property
          right thereto and during the term of this Agreement Track Data
          Corp. grants the Client only a license thereto.  Upon the
          termination of the Agreement, said license shall terminate.

          Force Majeure:

          Neither party shall be responsible for, or liable to the other on
          account of delays or failure in performance resulting from acts
          beyond the control of such party.  Such acts shall include but
          not be limited to acts of God, strikes, lockouts, riots, acts of
          war, epidemics, government regulations superimposed after the
          fact, fire, communication line failures, power failures,
          earthquakes, or other disasters.

          Notices:

          All notices under this CONTRACT FOR SERVICES shall be in writing
          and shall be deemed to have been duly given if actually receives
          by the other party or if deposited in the United States mail,
          postage prepaid and addressed as set forth on the reverse hereof
          it to Client and to 61 Broadway, New York, NY 10006 if to Track
          Data Corp. or in such different manner, as may have been
          requested in writing by either party.

          Warranties and Limitations of Warranty

          (a)  in the event of any interruption of service, or failure of
          equipment or personnel to perform the services as herein
          contracted.  Track Data Corp. warrants that it will make a good
          faith effort to provide or restore such services to any Client.
          Any failure of such good faith efforts shall not be regarded as a
          breach of this Agreement.









          PC Chart Documentation                           Page xiv of xvii


          (b)  With respect to any data processing services rendered to
          Client.  Track Data Corp. warrants that error(s) in such services
          which are due solely to errors on the part of Track Data Corp.
          will be credited to Client's account, provided Client notifies
          Track Data Corp. of such error(s) within 60 days of the occurence
          of such error(s).  If reprocessing is requested by Client such
          reprocessing shall be charged to Client at the prices applicable
          to the service at the time of reprocessing.

          (c)  Client acknowledges that any data processing services or
          information to be rendered by Track Data Corp. are merely aids,
          for which Client must oversee the results.  Accordingly Track
          Data shall have no liability to Client for actions taken by
          Client in reliance on results produced or information furnished
          by Track Data Corp. other than that prescribed in subparagraph
          (b) hereof.

          (d)  Track Data Corp. makes no warranty or representation,
          expressed or implied, as to the accuracy or freedom from error of
          its data processing servcies or data to be rendered by Client.

          (e) THE OBLIGATIONS OF TRACK DATA CORP. AND THE RIGHTS AND
          REMEDIES OF CLIENT SET FORTH IN ALL THE FOREGOING SUBPARAGRAPHS
          ARE EXCLUSIVE AND IN SUBSTITUTION FOR ALL OTHER WARRANTIES,
          OBLIGATIONS, AND LIABILITIES OF TRACK DATA CORP., AND RIGHTS,
          CLAIMS AND REMEDIES OF CLIENT AGAINST TRACK DATA CORP., EXPRESS
          OR IMPLIED, ARISING BY LAW OR OTHERWISE, WITH RESPECT TO ANY
          IMPLIED WARRANTY ARISING FROM COURSE OF PERFORMANCE, COURSE OR
          DEALING OR USAGE OF TRADE, OR FOR ANY OTHER DIRECT INCIDENTIAL OR
          CONSEQUENTIAL DAMAGES.



























          PC Chart Documentation                            Page xv of xvii



          GE Information Services
          401 N. Washington St.
          Rockville, MD
          USA 20850

          Tel: [phone]

          GEnie charges $4.95 per month.  No extra charge for connect time
          after 6 p.m. local time.

          PC Chart requires the following minimum configuration:

                  An IBM Personal computer or strict compatible running
                  MS-DOS or PC-DOS Version 2.0 or later

                  Two floppy disk drives OR one floppy-disk and a hard disk

                  512K RAM

                  Color Graphics Adapter, Hercules Graphics Card,
                  EGA, or VGA

                  1200 or 2400 Baud Hayes compatible modem (optional)

                  Epson LX, FX, JX, LQ, IBM Proprinter, HP Laserjet or 100%
                  compatible printer

          Using This Manual

          This manual is divided into sections.

          Part 1 of this manual, "Getting Started", explains how to install
          the PC Chart program.

          Part 2, "Files", explains how to create, edit, and update price,
          symbol, and delta files.

          Part 3, "Analysis", explains the mathematical algorithms which
          are used, and how to interpret various indicators.

          Part 4, "Setup", explains how to set up the default disk drive,
          printer driver,  and modem parameters.  It is necessary to set up
          default communication ports, type of phone connection, and
          password before using the modem to automatically update price files.

          Part 5, "Modem", is a detailed description on how to update
          prices through a modem.

          Resources for Learning

          The following books and magazines are recommended for further
          study and reference.




          PC Chart Documentation                           Page xvi of xvii



          Cohen, A.W., The Chartcraft Method of Point and Figure
          Trading, 3rd printing, Larchmont, New York:  Chartcraft, Inc.
          1967

          Edwards and McGee, Technical Analysis of Stock Trends, Boston,
          Massachusetts, John Magee Inc. 1983

          Frost and Prechter, Elliot Wave Principle : Key to Stock Profits,
          5th Ed., New York City, New Classics Library, Inc., 1985

          LaSalle and Jackson, Commodity Trading Manual,  Chicago Board of
          Trade, Chicago, Illinois, 60604, 1985

          FIA Futures Trading Course, Futures Industy Association, 1325
          Eyre Street, N.W. Suite 1040, Washington, D.C., 20006, 1985

          Murphy, John, Technical Analysis of the Futures Markets, New York
          Institute of Finance, 70 Pine Street, New York, NY 10270, 1986

          Technical Analysis Inc.,  Technical Analysis of Stocks and
          Commodities (mag.), Seattle Washington:  Technical Analysis Inc.

          Wilder, J. Welles Jr.,  New Concepts in Technical Trading
          Greensboro, N.C.  Trend Research, 1978

          The books and magazines listed above can be purchased from the
          following sources.

               Traders Press Inc.
               P.O. Box 10344
               Greenville, SC 29603
               Order Line:  [phone]
               Fax Line  :  [phone]

               Technical Analysis, Inc.
               3517 S.W. Alaska St.
               Seattle, WA 98126
               [phone]

               Education and Marketing Services Dept.
               Chicago Board of Trade
               Chicago, Illinois 60604

               Futures Industry Association
               1825 Eyre Street
               N.W. Suite 1040
               Washington, D.C. 20006









          PC Chart Documentation                          Page xvii of xvii
























                                       Part 1


          Getting Started


          This part of the manual will get PC Chart up and running on
          either a floppy or hard disk system.  Chapter 1 explains how to
          install the program, how to start, use, and exit from the
          program, and explains how to set up your own personalized
          database.
























          PC Chart Documentation                               Page 1 of 77



                                      Chapter 1

          Getting Started

                1       Installing And Starting PC Chart                 3

                1.1     Backing Up Your Disks                            3

                1.2     Checking Disk Contents                           3

                1.3     Installing PC Chart                              4

                        1.3.1   Installing on a Hard Disk System         4

                        1.3.2   Installing on a Floppy System            4

                1.4     Running the Chart Program                        4

                        1.4.1   Starting the Program                     5

                        1.4.2   Main Menu                                5

                        1.4.3   Analysis Menu                            7

                        1.4.4   File Menu                                8

                        1.4.5   Setup                                    9

                        1.4.6   Modem                                    10

                        1.4.7   Exiting the Program                      11

























          PC Chart Documentation                               Page 2 of 77



          1  Installing and Starting PC Chart

          This chapter tells you how to install and start the PC Chart
          program. Before you begin using the program, be sure to.

          1.  Back up your product disks (see Section 1.1).

          2.  Check the contents of your disks (see Section 1.2).

          1.1  Backing Up Your Disks

          Working copies of your program disks should be made before
          installing the program on your computer system.  We can use DOS
          (MS-DOS or PC-DOS) COPY or DISKCOPY commands to do this.  The
          original disks should  be stored away in a safe place to make
          future working copies.

          Follow these instructions to make working copies of the System
          and Data Disks.

          1.  Place your DOS system disk in drive A.

          2.  Type out the following DOS command.

          diskcopy a: a:

          Insert SOURCE Diskette in Drive A:

          Press Any key when ready . . .

          The computer will respond with the above message, replace the DOS
          disk in drive A with the PC Chart disk.  Press a key, and you
          will get the following message.

          Insert TARGET diskette in drive A

          Press any key when ready . . .

          Put a blank diskette in drive A, and press a key to produce the
          following message.

          Copy another diskette (Y/N)?

          Type N to get back to DOS or Y to copy more disks if needed.

          1.2  Checking Disk Contents

          When you open your program package for the first time, you may
          want to verify that you have a complete set of software.  The
          System Disk included in your software package contained a file
          that is named PACKING.LST; this file lists and describes the
          files that make up the package.




          PC Chart Documentation                               Page 3 of 77



          1.3 Installing PC Chart

          Follow these instructions to install PC Chart on either a hard
          disk or floppy-based system.

          1.3.1  Installing on a Hard Disk System

          To install on a hard disk system.

          All 39 files are compressed in the self-extracting file
          pcc.exe.

          To make the directory (chart), copy the file pcc.exe and expand:

          a.  <cd \><ENTER>
          b.  <md chart><ENTER>
          c.  <cd chart><ENTER>
          d.  <copy a:pcc.exe><ENTER>
          e.  <pcc><ENTER>

          You are now ready to run the program, refer to Section 1.4 for
          instructions.

          1.3.2  Installing on a Floppy Disk System

          The minimum requirements for PC Chart are two floppy drives OR
          one floppy drive and a hard drive.  To extract the 44 files
          contained in the PCC.EXE file you require a 1.2M or 1.44M floppy
          drive.

          To extract these files:

          a.  copy pcc.exe to a 1.2M or 1.44M floppy disk.
          b.  to extract:  <pcc><ENTER>
          c.  to run:      <chart><ENTER>

          To install PC Chart on a two-drive (360K - 5.25" or 720K - 3.5")
          system requires the assistance of a friend who has a hard disk.

          Floppy disk installation:

          a.  Format two floppy disks (5.25" - 360K OR 3.5" - 720K).
          b.  Have your friend install PC Chart on their hard disk (see
              above instructions).
          c.  <install a:><ENTER> or <install b:><enter>

          You are now ready to run the program, refer to Section 1.4 for
          instructions.

          1.4  Running the Chart Program

          The following section gives a brief description on how to run the
          program.



          PC Chart Documentation                               Page 4 of 77



          1.4.1  Starting the Program

          On a hard disk system the following instruction can be used to
          start the program.  Change the current directory to the
          destination directory specified in the installation.  Type:

          chart

          On a floppy disk system make A the default drive.  Then, type the
          above command to start the program.

          1.4.2  Main Menu

          The Chart program is designed to be easy to use and learn.  The
          first screen to appear is the copyright notice.  Press any key to
          go on to the main menu.

          The main menu will then appear:

     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.    Wed May 11 1990 16:34:18
     ======================================================================
      ANALYSIS  File  Modem  Setup  Exit
     ======================================================================

                            Figure 1.1 - Main Menu

          The current active menu choice is highlighted in reverse video.
          Initially the current choice is Analysis. There are two methods
          to make a menu choice.  The first is to use the left and right
          cursor keys to move the cursor to the appropriate choice. You can
          then make your choice by pressing Enter.  The second method is to
          press the first letter of the menu choice.

                         Table 1.1 - Menu Choice Keys

          Key      Function

          Enter    Chooses currently highlighted menu item.

          Esc      Exits current menu to previous menu.

          Home     Highlights first item on menu.














          PC Chart Documentation                               Page 5 of 77



          End             Highlights last item on menu.

          Up Arrow        Moves the highlighting cursor bar up one level.
                          At the top of the menu, pressing the up arrow
                          will bring you to the bottom of the menu. Used
                          in all menus except the main menu.

          Down Arrow      Moves the highlighting cursor bar down one level.
                          At bottom of the menu, pressing the down arrow
                          will bring the top of the menu.  Used in all
                          menus except the main menu.

          Right Arrow     Moves the highlighting cursor bar to the right.
                          On the of the menu it will bring you back to the
                          first item of menu. Used only in main menu.

          Left Arrow      Move the highlighting cursor bar to the left.
                          On the main menu it will bring you back to the
                          last item of the  menu.  Used only in the main
                          menu.

          PgUp            Scrolls to the previous page of the menu.  Up
                          to forty stocks can be displayed on the screen.
                          Not all these stocks displayed at one time.
                          Page Up be used to scroll to the previous screen.

          PgDn            Scrolls to the next page of the menu.  Up to
                          forty stocks can be displayed on the screen.
                          Not all these stocks can be displayed at one
                          time.  Page Down can be used to scroll to the
                          next screen.

          First           Highlights and chooses the menu item.
          Letter
          Of
          Item

                       Table 1.2 - Main Menu Description

          Item            Function

          Analysis        The analysis menu contains all the studies
                          used in this program to determine the proper
                          timing of purchases and sales of stocks and
                          commodities.











          PC Chart Documentation                               Page 6 of 77



          File            Creation, editing, and updating of daily price,
                          delta, symbol files or done in this section of
                          the program.

          Modem           Automatic updating of price files by downloading
                          information from All-Quotes, Dial/Data, or GEnie.

          Setup           Initializes or changes screen colors, default
                          disk drives, printer drivers, communication
                          parameters and passwords.

          Exit            Exits program.

          1.4.3  Analysis Menu

          The analysis menu is shown below.

     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.    Wed May 11 1990 16:34:18
     ======================================================================
      ANALYSIS  File  Modem  Setup  Exit
     ======================================================================
     +===========++========++=======================+
     | A:  NYSE  || A: XON || A:  Price/Volume      |
     | B:  INDEX || B: IBM || B:  Relative Strength |
     | C:  AD    || C: TXN || C:  Moving Averages   |
     +===========++========+| D:  Parabolic System  |
                            | E:  Logarthmic Plot   |
                            | F:  Point & Figure    |
                            | G:  Stochastics       |
                            | H:  Weekly Chart      |
                            | I:  Monthly Chart     |
                            | J:  Money Flow        |
                            | K:  Parameters        |
                            +=======================+

                             Figure 1.2 - Analysis Menu

          The first menu is a list of all symbol files.  The maximum number
          of symbol files allowed is ten.  A symbol  file contains up to
          forty abbreviated stock symbols.  For example, International
          Business Machines has a symbol IBM.  Each  company name is
          typically abbreviated to a three letter code.  Up to eight
          letters can be entered as a stock code.  Warrants and special
          classes of common stock would need more than three letters.  The
          total number of price files allowed is four hundred, which could
          be  achieved by having forty stocks in ten symbol files.










          PC Chart Documentation                               Page 7 of 77



          The second menu is simply a list of the contents of the
          particular symbol file that you have chosen to see.  The contents
          of the NYSE symbol file are Exxon, IBM, and Texas Instruments
          price files. It is important to enter the correct  stock codes
          when you download information from All-Quotes, Dial/Data, or
          GEnie.  Incorrect stock symbols will give you you erroneous
          information.

          The third menu outlines all available technical analysis studies
          available with this program for price files.

          Feel free to experiment with the various studies.  To understand
          these techniques it will be necessary to study Chapter 3
          thoroughly.

          1.4.4  File Menu

          The file menu looks like Figure 1.3 shown below.

     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.    Wed May 11 1990 16:34:18
     ======================================================================
      Analysis  FILE  Modem  Setup  Exit
     ======================================================================
                +=======================+
                | A:  Update Prices     |
                | B:  Create Price File |
                | C:  Edit Symbol File  |
                | D:  Edit Price File   |
                | E:  A/D Menu          |
                +=======================+

                               Figure 1.3 - File Menu

          The file menu of PC Chart is used to record daily price and
          volume information  on stocks and commodities.  Each menu item on
          the file menu is explained below.

                          Table 1.3 - File Menu Description

          Item               Explanation

          Update             Updates all price files in a particular symbol
          Prices             file. Usually stocks of interest on an stock
                             or commodities exchange are grouped together.
                             Each price file in the symbol file is
                             processed together.

          Create Price       Creates a new price file.  A price file  is
          File               created and price information is placed into
                             this file.






          PC Chart Documentatation                             Page 8 of 77


          Edit Symbol        Symbol files can be created and edited under
          File               this option.

          Edit Price         A particular price file can be edited, errors
          File               can be corrected, the data in the file can be
                             verified.

          A/D Menu           Invokes the Advance Decline Menu.  This menu
                             is used to update, create, and edit A/D files.
                             The Advance Decline menu  will be thoroughly
                             covered in sections 2.4 in Chapter 2.

          1.4.5  Setup

          The setup menu is divided into three areas.

     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.    Wed May 11 1990 16:34:18
     ======================================================================
      Analysis  File  Modem  Setup  Exit
     ======================================================================
                            +================+
                            | A:  Text C.    |
                            | B:  Drive      |
                            | C:  Format     |
                            | D:  All-Quotes |
                            | E:  Dial/Data  |
                            | F:  GEnie      |
                            | G:  Printer    |
                            +================+

                               Figure 1.4 - Setup menu

          The setup section of PC Chart is used to configure screen colors,
          default disk drives, printer drivers, and  communication
          parameters. Each menu item on the file menu is explained below.

                        Table 1.4 - Explanation of Setup Menu

          Item            Explanation

          Text C.         The screen color can be changed, the default is
                          B&W.  In the EGA/VGA version there is another
                          option called Graph C. which is used to change
                          the colors of the charts.

          Drive           The default disk drive can be specified.  After
                          installing PC Chart on a floppy based system,
                          the default disk drive is B.   On a hard disk
                          based the default disk drive is the current
                          subdirectory of your hard disk.  This option on
                          the setup menu allows the user to specify a
                          different default  disk drive.  Up to thirty
                          characters are allowed to specify disk drive and
                          directory path.

                          Example:  C:\chart

          PC Chart Documentation                               Page 9 of 77


          Format          The format section is used to change the data
                          format used by PC Chart from its own proprietary
                          data format, ASCII (text), and CSI data files.
                          PC Chart can read and write its own data format
                          and ASCII files, it can only read CSI files.

          All-Quotes      The All-Quotes section is used to adjust parameters
                          to allow the program to communicate with All-Quotes.

          Dial/Data       The Dial/Data section is used to adjust communication
                          parameters to allow the program to communicate
                          with Dial/Data.

          GEnie           The All-Quotes section is used to adjust parameters
                          to allow the program to communicate with GEnie.

          1.4.6  Modem

          The modem menu is shown below.

     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.    Wed May 11 1990 16:34:18
     ======================================================================
      Analysis  File  Modem  Setup  Exit
     ======================================================================
                      +================+
                      | A:  All-Quotes |
                      | B:  Dial/Data  |
                      | C:  GEnie      |
                      +================+

                               Figure 1.5 - Modem Menu

          The modem menu is used to download information from Dial/Data to
          update your price files.

                         Table 1.5 - Modem Menu Description

          Item            Explanation

          All-Quotes      All-Quotes provides real-time, delayed, and
                          historical quotes on securities listed on the
                          NYSE, AMEX, NASDAQ, CBT, CME, CEC, TSE, VSE,
                          MSE, and ASE exchanges.














          PC Chart Documentation                              Page 10 of 77



          Dial/Data       a division of Track Data Corporation provides
                          both delayed and historical quotes for stocks,
                          bonds, rights, warrants, government issues,
                          mutual funds, options, market indices,
                          commodities, and market statistics.  A recent
                          enhancement that is now operational is the
                          addition of Canadian securities to their database
                          with history going back to February 9, 1989.  The
                          symbol with a "-T" appended, i.e. IBM-T, would be
                          the symbol for IBM as it is traded on the
                          Canadian exchange.

          GEnie           GEnie provides historical quotes for stocks
                          listed on AMEX, NYSE, and NASDAQ exchanges.

          1.4.7  Exiting the Program

          Leaving the program is easy.  One method of exiting the program
          regardless where you are in the program is to press the ESC key
          repeatedly until you get to the main menu.  When you are in the
          main menu choose Exit, which is the last item on the menu.



































          PC Chart Documentation                              Page 11 of 77



















                                       Part 2

                                  File Maintenance

          This part of the manual explains how to create, edit, and update
          price,  symbol, and delta files.  Manual updating of price files
          is economical and easy.  Stock quotations can be easily obtained
          from daily newspapers.  The Wall Street Journal carries extensive
          listings.  It is better to enter information on the entire
          trading day.  DO NOT use newspapers which list incomplete
          quotations as an information source.

          This chapter is designed to instruct you on the necessary steps
          needed to create the database structure needed to update price
          information on a daily basis.  Weekly and monthly price
          information is derived from daily price/volume information and
          manual daily entry is not needed.  The information is presented
          in a step by step basis.  By the end of this section you will
          acquire all the knowledge necessary to update price and delta
          files on a daily basis.




















          PC Chart Documentation                              Page 12 of 77



                                      Chapter 2

          File Maintenance

                2       Creating Price Files                             14

                2.1     Creating and Editing Symbol Files                16

                2.2     Updating Price Files                             18

                2.3     Editing Price Files                              20

                2.4     Advance/Decline File Maintenance                 23

                        2.4.1   Update A/D                               23

                        2.4.2   Create A/D File                          26

                        2.4.3   Edit Symbol File                         27

                        2.4.4   Edit A/D File                            27

                2.5     Data Verification                                29

































          PC Chart Documentation                              Page 13 of 77


          2  Creating Price Files

          The first step in creating your database structure is to create
          files for all the stocks and commodities that you wish to follow.
          The creation of price files is a simple matter.

     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.    Wed May 11 1990 16:34:18
     ======================================================================
      Analysis  FILE  Modem  Setup  Exit
     ======================================================================
               +=======================+
               | A:  Update Prices     |
               | B:  CREATE PRICE FILE |
               | C:  Edit Symbol File  |
               | D:  Edit Price File   |
               | E:  A/D Menu          |
               +=======================+

                          Figure 2.1 - Updating Price Files

          Choose "Create Price File" on the file section of the main
          program.

          This will get you the following screen.

































          PC Chart Documentation                              Page 14 of 77



     Path:                                         Tue May 31 1990 21:51:49

        Symbol     Exchange  Date      Volume    High      Low       Close
     1
     2
     3
     4
     5
     6
     7
     8
     9
     10
     11
     12
     13
     14
     15
     16
     17
     18
     19
     20
                                   F2 = Save  F3 = Insert F4 = Delete

                  Figure 2.2 - Create Price File Data Entry Screen

          The following steps are necessary to create a price file.

               1.  Prepare historical price information from newspapers.

               2.  Type in PATH (disk drive and directory).  An example
                   of a path is C:, which will create a file in the current
                   directory the C drive.  The maximum length of the PATH
                   is 30 characters.

               3.  Enter the full name of the corporation or commodity
                   future.  The maximum length of the name is 20
                   characters.

               4.  Type the correct stock symbol for the corporation. For
                   example, the correct code for International  Business
                   Machines is IBM.  Please check the accuracy of the
                   symbol with your stock or commodity broker.












          PC Chart Documentation                              Page 15 of 77


               5.  Enter the correct abbreviation for the commodity or
                   stock exchange.

                   American Stock Exchange  - AMEX
                   NASDAQ                   - NASDAQ
                   New York Stock Exchange  - NYSE
                   Chicago Board of Trade   - CBT
                   Chicago Mercantile Exc.  - CME
                   Chicago Board Options    - CBO

               6.  Manually update the price file.  The correct format
                   for the date is year, month, and day.

                   YY/MMDD - Last two digits of year, Month, and Day.

                   Note that the "/" must be inserted between the year and
                   month.

               7.  Inspect and edit all entries, then when you are
                   satisfied that there is no errors, save the file by
                   pressing the F2 function key.

          2.1  Creating and Editing Symbol Files

          Now you must place the stock symbol in a symbol file.  Each
          symbol file is simply a list of price files. Each price file is
          identified uniquely on each stock exchange by its stock symbol
          which is usually three characters long.  It is wise to group the
          price files by exchange.  The symbol files are used to create
          menus on the screen.

     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.    Wed May 11 1990 16:34:18
     ======================================================================
      Analysis  FILE  Modem  Setup  Exit
     ======================================================================
               +========================+
               |  A:  Update Prices     |
               |  B:  Create Price File |
               |  C:  EDIT SYMBOL FILE  |
               |  D:  Edit Price File   |
               |  E:  A/D Menu          |
               +========================+

                   Figure 2.3 - Creating and Editing Symbol Files

          Choose "Edit Symbol File" on the file section of the main program
          just like Figure 2.3.  This will get you the following screen.










          PC Chart Documentation                              Page 16 of 77


     File:                                         Wed Jun 01 1988 21:51:49

        List     File       Path                   Symbol    Exchange
     1  NYSE
     2  INDEX
     3  AD
     4
     5
     6
     7
     8
     9
     10
     11
     12
     13
     14
     15
     16
     17
     18
     19
     20
      Alt D=D File  Alt R=Rename  Esc=Quit  F2=Save  F3=Insert  F4=Delete

                        Figure 2.4 - Symbol File Entry Screen

          The following steps are necessary to create or edit a symbol
          file.

               1.  Enter name from list of symbol files, or new symbol
                   file name.

               2.  Type in PATH (disk drive and directory).  An example
                   of a path is C:, which will create a file in the current
                   directory of the C drive.  The maximum length of the
                   PATH is 30 characters.

               3.  If your are creating a new symbol file, type the correct
                   stock symbol for the corporation.  For example, the
                   correct code for International Business Machines is IBM.
                   Please check the accuracy of the symbol with your stock
                   or commodity broker.  Otherwise just edit the entries
                   that exist in the symbol file.

               4.  Enter the correct abbreviation for the commodity or
                   stock exchange.

                   American Stock Exchange  - AMEX
                   NASDAQ                   - NASDAQ
                   New York Stock Exchange  - NYSE
                   Chicago Board of Trade   - CBT
                   Chicago Mercantile Exc.  - CME




          PC Chart Documentation                              Page 17 of 77



               5.  Edit all entries in existing symbol files.

               6.  Repeat steps 4 and 5 until you are satisfied  with the
                   symbol files.  Group the price files into logical units,
                   newspapers group stock or commodity quotation by
                   exchange. It is logical to follow the same format, and
                   to list the stocks in alphabetical order to ease stock
                   entry.

          For a fresh start:

                  1.  To start over delete all symbol files except one from
                      the list.  To do this press Alt-D, then type in the
                      name of symbol file that you want deleted.

                  2.  To rename the last symbol file press Alt-R, then type
                      in the new name.

                  3.  Type in PATH (disk drive and directory).  An example
                      of a path is C:, which will create a file in the
                      current directory of the C drive.  The maximum
                      length of the PATH is 30 characters.

                  4.  Edit the entries that exist in the symbol file.

                  5.  Save the file by pressing F2.

          2.2  Updating Price Files

          The UPDATE PRICES item on the file menu is used to update daily
          price and volume information on stocks and commodities.

     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.    Wed May 11 1988 16:34:18
     ======================================================================
      Analysis  FILE  Modem  Setup  Exit
     ======================================================================
               +========================++============+
               |  A:  UPDATE PRICES     ||  A:  NYSE  |
               |  B:  Create Price File ||  B:  INDEX |
               |  C:  Edit Symbol File  |+============+
               |  D:  Edit Price File   |
               |  E:  A/D Menu          |
               +========================+

                          Figure 2.5 - Updating Price Files

          You now choose which symbol file you wish to update.  If you
          choose the NYSE symbol file then the screen will be altered in
          the following manner.







          PC Chart Documentation                              Page 18 of 77



     Date:                                    Wed May 11 1990 21:14:37
     90/0510

        List    File    Path                      Symbol    Exchange
     1  XON     NYSE
     2  IBM     NYSE
     3  TXN     NYSE
     4
     5
     6
     7
     8
     9
     10
     11
     12
     13
     14
     15
     16
     17
     18
     19
     20
       Alt D=D File  Alt R= Rename  Esc=Quit  F2=Save  F3=Insert  F4=Delete

                          Figure 2.6 - Initial Spreadsheet

          When you update prices from quotations listed in daily papers,
          all issues in a particular exchange such as the New York Stock
          Exchange are listed on the same page in alphabetical order.
          Updating of stock prices are done in a batch mode.  Complete
          stock and commodity quotations from newspapers are always one day
          behind.  Yesterday's date is highlighted on the second line of
          the screen.  If this date is correct, then simply press Enter to
          accept the date.  To correct the date:

               1.  Press the BACKSPACE key as many times as necessary to
                   erase erroneous information in the highlighted date.

               2.  Type in the correct information.

               3.  Press Enter to accept this date.

          Referring to your newspaper, we can now enter the rest of
          relevant information.

               1.  Press NUM LOCK to make sure that your numeric keypad is
                   active.







          PC Chart Documentation                              Page 19 of 77



               2.  Using the numeric keypad, type out the number.

               3.  Press ENTER, the next entry will be highlighted.

               4.  Repeat steps 2 and 3 until all numbers are entered.

     Close:                                        Wed May 11 1990 21:44:37
     36.88

        Symbol   Exchange Date     Volume   High     Low      Close
     1  XON      NYSE     90/0510  1012000  46.88    46.25    46.63
     2  IBM      NYSE     90/0510  1813800  112.88   111.25   112.38
     3  TXN      NYSE     90/0510  759900   37.00    35.50    36.88
     4
     5
     6
     7
     8
     9
     10
     11
     12
     13
     14
     15
     16
     17
     18
     19
     20
                            Esc = Quit  F2 = Save

                 Figure 2.7 - Entering Volume and Price Information

          Press F2 to update all the above files, to leave this spreadsheet
          without saving any of the information to disk, press the Esc key.

          2.3     Editing Price Files

          The Edit Price File item on the file menu is used to edit all the
          information in a price file.















          PC Chart Documentation                              Page 20 of 77



     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.    Wed May 11 1990 16:34:18
     ======================================================================
      Analysis  FILE  Modem  Setup  Exit
     ======================================================================
               +========================++===========++=========+
               |  A:  UPDATE PRICES     || A:  NYSE  || A:  XON |
               |  B:  Create Price File || B:  INDEX || B:  IBM |
               |  C:  Edit Symbol File  |+===========+| C:  TXN |
               |  D:  Edit Price File   |             +=========+
               |  E:  A/D Menu          |
               +========================+

                          Figure 2.8 - Editing Price Files

          You now have a choice of which price files you wish to update.
          If you choose the IBM price file then the screen will be altered
          in the following manner.

     Date:  87/0327                                Fri Dec 14 1990 21:14:37

        Symbol   Exchange Date     Volume   High     Low      Close
     1  IBM      NYSE     87/0327  1777000  154.13   150.50   150.75
     2                    87/0328  3220900  152.75   145.88   152.38
     3                    87/0329  2634800  153.75   149.50   150.13
     4                    87/0401  2650500  152.00   149.00   151.13
     5                    87/0402  2398700  151.38   147.50   148.00
     6                    87/0403  3281500  150.75   145.63   149.50
     7                    87/0404  1773300  150.38   148.88   149.38
     8                    87/0408  2090300  150.13   146.50   146.50
     9                    87/0409  1694200  148.25   146.13   147.63
     10                   87/0410  2201600  147.50   143.50   144.00
     11                   87/0411  2319400  145.63   142.63   145.00
     12                   87/0412  3301800  150.25   146.75   147.63
     13                   87/0415  4176200  150.88   146.50   148.13
     14                   87/0416  3046300  151.88   149.00   150.88
     15                   87/0417  1813300  150.63   148.75   150.00
     16                   87/0418  2692700  158.00   148.50   157.00
     17                   87/0419  3012000  157.00   153.88   154.25
     18                   87/0422  2384400  156.50   153.13   154.25
     19                   87/0423  1804700  154.13   151.50   151.75
     20                   87/0424  3308900  156.00   149.50   154.25
                            Esc = Quit  F2 = Save

                            Figure 2.9 - Edit Spreadsheet

          When you edit a price file the cursor keys are used to position
          yourself on the spreadsheet.









          PC Chart Documentation                              Page 21 of 77



                           Table 2.1 - Cursor Control Keys

          Key     Function

          Home    First 20 records of the price file is displayed.

          End     Last 20 records of the price file is displayed.

          CTRL    Positions cursor on first record on the screen.
          Home

          CTRL    Positions cursor on last record on the screen.
          End

          PgUp    Displays next 20 records of the price file.

          PgDn    Displays last 20 records of the price file.

          Up      Shifts cursor up one line.
          Arrow

          Down    Shifts cursor down one line.
          Arrow

          Left    Shifts cursor left one position.
          Arrow

          Right   Shifts cursor right one position.
          Arrow

          F2      Saves File.

          F3      Allows user to enter new price information.

          F4      Allows user to delete price information.

          Alt R   Used to change corporate/commodity and exchange name.

          Alt S   Used to adjust price when a corporation splits their
                  shares, or when a merger occurs and a new entity appears.

          Alt G   Go to any record in file.  The record that you go to is
                  placed on the top of the spreadsheet.

          To correct erroneous entries simply type in the correct number
          and press Enter to place the number into memory.  When you are
          satisfied, Press F2 to save the file.  Press Esc to quit the file
          without saving it.








          PC Chart Documentation                              Page 22 of 77



          2.4  Advance/Decline File Maintenance

          The Advance/Decline file menu is hidden behind the file menu.

     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.    Wed May 11 1990 16:34:18
     ======================================================================
      Analysis  FILE  Modem  Setup  Exit
     ======================================================================
                +========================+
                |  A:  Update Prices     |
                |  B:  Create Price File |
                |  C:  Edit Symbol File  |
                |  D:  Edit Price File   |
                |  E:  A/D MENU          |
                +========================+

                             Figure 2.10 - A/D File Menu

          Choose the A/D Menu.

     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.    Wed May 11 1990 16:34:18
     ======================================================================
      Analysis  FILE  Modem  Setup  Exit
     ======================================================================
                +========================+
                |      A/D Menu          |
                +========================+
                |  A:  UPDATE A/D        |
                |  B:  Create A/D File   |
                |  C:  Edit Symbol File  |
                |  D:  Edit A/D File     |
                +========================+

                               Figure 2.11 - A/D Menu

          We will now talk about each item on the A/D Menu.

          2.4.1 Update A/D

          The Update A/D item on the file menu is used to update daily
          Advance Decline information on stocks listed on various stock
          exchanges.  Choose this option and you will get the following
          spreadsheet.













          PC Chart Documentation                              Page 23 of 77



     Date:  90/0529                               Wed May 30 1990 16:34:18

        Symbol   Exchange  Date     Volume    Delta
     1  NYSEAD   NYSE
     2
     3
     4
     5
     6
     7
     8
     9
     10
     11
     12
     13
     14
     15
     16
     17
     18
     19
     20
                            Esc = Quit  F2 = Save

                          Figure 2.12 - Initial Spreadsheet

          When you update Advance Decline information from daily papers the
          information usually is separated from the rest of the stock
          quotations.  The terms used in Advance Decline on the next page.


























          PC Chart Documentation                              Page 24 of 77



                    Table 2.2 - Explanation of Terms used in A/D

          Term     Explanation

          Volume   Refers to number of shares traded on that exchange on
                   that particular day.

          Delta    The number of advances minus declines on that particular
                   stock exchange.

          Data entry is similar to Updating Price Files, refer to section
          2.2 if you have any trouble with entering Advance Decline
          information.  The following example shows entries entered on May
          11, 1990 for the NYSE exchange.

     Date:  90/0510                               Wed May 11 1990
     16:34:18

        Symbol   Exchange  Date     Volume    Delta
     1  NYSEAD   NYSE      90/0510  158460000 246
     2
     3
     4
     5
     6
     7
     8
     9
     10
     11
     12
     13
     14
     15
     16
     17
     18
     19
     20
                            Esc = Quit  F2 = Save

                 Figure 2.13 - Entering Advance Decline Information














          PC Chart Documentation                              Page 25 of 77



          2.4.2   Create A/D File

          The creation of Advance Decline files is a simple matter.

     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.    Wed May 11 1990 16:34:18
     ======================================================================
      Analysis  FILE  Modem  Setup  Exit
     ======================================================================
                +========================+
                |      A/D Menu          |
                +========================+
                |  A:  UPDATE A/D        |
                |  B:  Create A/D File   |
                |  C:  Edit Symbol File  |
                |  D:  Edit A/D File     |
                +========================+

                               Figure 2.14 - A/D Menu

          Choose "Create A/D File", this will get you the following screen.

     Path:                                       Tue May 31 1988  21:51:30

        Symbol   Exchange Date     Volume   Delta
     1
     2
     3
     4
     5
     6
     7
     8
     9
     10
     11
     12
     13
     14
     15
     16
     17
     18
     19
     20
                                           F2 = Save   F3 = Ins   F4 = Del

                   Figure 2.15 - Create A/D File Data Entry Screen

          The following steps are necessary to create a A/D file.

               1.  Prepare historical price information from newspapers.





          PC Chart Documentation                              Page 26 of 77



               2.  Type in PATH (disk drive and directory).  An example of
                   a path is C:, which will create a file in the current
                   directory of the C drive.  The maximum length of the
                   PATH is 30 characters.

               3.  Enter the full name of the A/D File.  The maximum length
                   of the name is 20 characters.

               4.  Type the stock symbol for the A/D file.

               5.  Enter the correct abbreviation for the commodity or
                   stock exchange.

                   American Stock Exchange  - AMEX
                   NASDAQ                   - NASDAQ
                   New York Stock Exchange  - NYSE
                   Chicago Board of Trade   - CBT
                   Chicago Mercantile Exc.  - CME
                   Chicago Board Options    - CBO

               6.  Manually update the price file.  The correct format for
                   the date is year, month, and day.

                   YY/MMDD - Last two digits of Year, Month, and Day.

                   Note that the "/" must be inserted between the year and
                   month.

                   Volume refers to the total number of shares traded on
                   the exchange.

                   Delta = Number of Advances - Number of Declines.

               7.  Inspect and edit all entries, then when you are
                   satisfied that there is no errors, save the file by
                   pressing the F2 function key.

          2.4.3   Edit Symbol Files

          Refer to Section 2.1 of this Chapter.

          2.4.4   Edit A/D File

          The Edit A/D File item on the A/D menu is used to edit all the
          information in a price file.











          PC Chart Documentation                              Page 27 of 77



     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.    Wed May 11 1990 16:34:18
     ======================================================================
      Analysis  FILE  Modem  Setup  Exit
     ======================================================================
                +========================+
                |      A/D Menu          |
                +========================+
                |  A:  UPDATE A/D        |
                |  B:  Create A/D File   |
                |  C:  Edit Symbol File  |
                |  D:  Edit A/D File     |
                +========================+

                               Figure 2.16 - A/D Menu

          You now a choice of which price files you wish to update.  If you
          choose the NYSEAD A/D file then the screen will be altered in
          the following manner.

     Date: 87/1130                                Wed Jun 01 1990 21:14:37

        Symbol  Exchange  Date    Volume    Delta
     1  TSEAD   TSE       87/1130 30624600  -1071.00
     2                    87/1201 18205400  -500.00
     3                    87/1202 16278500  -55.00
     4                    87/1203 23437700  -1.0000
     5                    87/1204 23590100  -1016.00
     6                    87/1207 16277000  -1045.00
     7                    87/1208 20623100  -1050.00
     8                    87/1209 25846000  677.00
     9                    87/1210 26521800  520.00
     10                   87/1211 17748700  -573.00
     11                   87/1214 24840900  180.00
     12                   87/1215 28389900  896.00
     13                   87/1216 28389900  284.00
     14                   87/1217 23568600  248.00
     15                   87/1218 40312400  -316.00
     16                   87/1221 21677400  903.00
     17                   87/1222 20632900  213.00
     18                   87/1223 22834700  -282.00
     19                   87/1224 8080500   698.00
     20                   87/1228 13866700  59.00
      Alt G=Goto  Alt R=Rename  Esc=Quit  F2=Save F3=Insert  F4=Delete

                           Figure 2.17 - Edit Spreadsheet

          When you edit an A/D file the cursor keys are used to position
          yourself on the spreadsheet.








          PC Chart Documentation                              Page 28 of 77



                       Table 2.3 - Cursor Control Keys for A/D

          Key     Function

          Home    First 20 records of A/D file is displayed.

          End     Last 20 records of A/D file is displayed.  When the
                  number of records in the file is not an even multiple of
                  20, then less than 20 records will be displayed.

          CTRL    Positions cursor on first record of the ones displayed.
          Home

          CTRL    Positions cursor on last record of the ones displayed.
          End

          PgUp    Displays next 20 records of the A/D file.

          PgDn    Displays last 20 records of the A/D file.

          Up      Moves cursor up one line.
          Arrow

          Down    Moves cursor down one line.
          Arrow

          Left    Moves cursor left one position.
          Arrow

          Right   Moves cursor right one position.
          Arrow

          To correct erroneous entries simply type in the correct number
          and press Enter to place the number into memory.  When you are
          satisified, Press F2 to save the price file onto disk.  Press Esc
          to quit the file without saving it.

          2.5     Data Verification

          It is recommended that you verify the accuracy of the data
          entered.  One recommended method is to visually scan the
          Price/Volume charts of each of the commodities and stocks  that
          you follow as least once weekly.  Truly outrageous values can be
          seen by looking at the last five days of the chart.  Set the
          period on the Stochastics analysis technique to one day, then
          scan these charts.  Values for K above 100 or below 0 means the
          close price is beyond the high-low range of the day.  Edit any
          erroneous records, and visually check the chart again.

          Your price database takes a considerable amount of time and money
          to update and maintain.  Hard and floppy disks can be damaged by
          head crashes, power spikes, mishandling, etc.  BACKUP your
          information at least once a week.



          PC Chart Documentation                              Page 29 of 77






















                                       Part 3

          Analysis

          This part of the manual explains how you can use the Analysis
          section of this program to determine the best price levels in
          which to purchase and sell stocks and commodities. This chapter
          tells you how to interpret and use the technical indicators in
          the PC Chart program.  This program is a toolbox of the most
          useful trading techniques. Technical analysis is an evolving
          field.  Proprietary techniques have been kept to a minimum in
          this version.

          Unfortunately, we are unable to include a graphical
          representation of the charts contained in the typeset,
          spiral-bound user manual in this ASCII file.  Use PC Chart and
          the data files to generate your own charts on your monitor.




















          PC Chart Documentation                              Page 30 of 77



                                      Chapter 3

          Analysis

                  3       Technical Analysis                             32

                  3.1     Price/Volume                                   33

                  3.2     Relative Strength Index                        35

                  3.3     Moving Averages                                36

                  3.4     Parabolic System                               38

                  3.5     Logarthmic Plot                                41

                  3.6     Point & Figure                                 42

                  3.7     Stochastics                                    43

                  3.8     Weekly Charts                                  43

                  3.9     Monthly Charts                                 44

                  3.10    Money Flow                                     45

                  3.11    Parameters                                     46

                  3.12    Advance/Decline Indicators                     47



























          PC Chart Documentation                              Page 31 of 77



          3  Technical Analysis

          Can prices be forecasted on the basis of past history? The basis
          of technical analysis is that the value of a stock or commodity
          is primarily dependent on supply and demand.  A technical analyst
          will adamantly argue that price fluctuations are not random.

          The understanding of price movement is the basis of all
          profitable trading.  Price movements either trend or consolidate.
          Why do stocks trend up or down?  One explanation is that prices
          seek out a new level after an event occurs to a stock or
          commodity to drive it either up or down.  Major long term trends
          in the stock market are very likely influenced by business
          cycles.  Consolidation occurs when prices show no significant
          movement either up or down.

          The problem of the purchase of stock or commodities can be
          approached in either of two ways.  One way is to pose the problem
          as: "Should I buy ABC?".  The other is to pose the problem as:
          "When shall I buy ABC".

          The financial analyst takes the statistical approach.  Analysis
          of financial statements, management, earnings, dividends,
          comparsion of this company with the others in its industry, and
          economic forecasts of the entire industry group are some of the
          tasks that the analyst undertakes when appraising each company.

          The technical analyst concerns himself with supply and demand,
          accumulation and distribution.  Practically all stocks have
          substantial moves at one time or another.  No stock goes up in
          price of its own accord.  Before a stock goes up its goes through
          a period of accumulation by "insiders", it is passing from "weak
          hands" into "strong hands" until demand is greater than supply
          and the upward move is on its way.  Before a stock drops in
          price, it goes through a period of distribution by the same
          "insiders".  It is passed from "strong hands" into "weak hands".
          When support is withdrawn, supply overcomes demand and the
          panicky downward move is on.  The technical analyst is concerned
          with the right to buy and the right to sell short.  He attempts
          to determine the moment when either supply or demand has taken
          control of the situation.















          PC Chart Documentation                              Page 32 of 77



          When should a stock be bought? The broad answer to this question
          is that a stock should be bought only when (1) the general market
          is in an uptrend, (2) the industry group of which it is a member
          is in an uptrend, and (3) the stock itself is in an uptrend.
          Uptrend as used herein, refers to price - the price of a market
          average, the price of index,  the price of a stock.  It does not
          refer to earnings, cash flow, growth; such factors may answer the
          question what to buy but never the question when to buy.  When
          should a stock be sold short?

          The broad answer to this question is that a stock should be
          bought only when (1) the general market is in a downtrend, (2)
          the industry group of which it is a member is in a downtrend, and
          (3) the stock itself is in a downtrend.  The trader or investor
          who does not like the short side of the market should at least be
          out of stocks or commodities in such a situation.

          Daily, weekly, and monthly charts are available in this package.
          The short term view is represented by daily charts, while
          intermediate and long term price movements are represented by
          weekly and monthly charts.

          3.1  Price/Volume

          If your computer is readily available, start PC Chart and
          experiment with the Analysis section of the program.  The
          following list of actions will get you a Price/Volume Chart.

                  1.  Choose the Analysis item on the main menu.
                  2.  List the contents of the NYSE symbol file.
                  3.  Select the IBM price file.
                  4.  Choose Price/Volume.

          Bar Charts have a measurement scale on both the horizontal and
          vertical axes. The vertical axis represents price, while each
          point on the horizontal axis represents a day.  The top and
          bottom of the vertical bar are the high and low price of the day.
          A horizontal line is drawn to represent the close.  The bottom of
          the chart contains the volume bars.

          PC Chart can store up to 1000 days in each file.  Computer
          systems which use a CGA, EGA, or VGA video card can display up to
          115 days, a Hercules Graphics Adapter will display 125 days.  All
          analysis screens show the latest 115 or 125 days as the default.
          Each screen can thought of as a graphical window, showing only
          part of the total available data.  Screen attributes and
          positioning can be changed using the function keys.

                           Table 3.1 - Screen Control Keys

          Key     Function

          F5      Scrolls the window backward one screen. This key
                  can be used to view past historical information.


          PC Chart Documentation                              Page 33 of 77


          F6      Scrolls the graphical window forward one screen.

          F7      Positions the screen to the first set of price
                  information.

          F8      Positions the screen to the last set of price
                  information.

          F9      Toggles between local and global scaling. The default
                  setting is set to local. The price axis is scaled
                  according to the high and low of the data examined. In
                  global scaling, the data set could include 1000 records,
                  local scaling would examine a maximum of 115 or 125 data
                  points.

          F10     Toggles  between placing the maximum number of data
                  points on the first screen or the last screen.  The
                  number of data records will seldom be an even multiple of
                  either 115 or 125. The default setting is to maximize the
                  amount of information on the last screen, which contains
                  the most recent information.  It is convenient to fill
                  the first screen and to set scaling to global when you
                  print the graphs on a printer.

          The bottom line of the screen has the date, high, low, close, and
          volume of International Business Machines listed on the New York
          Stock Exchange.

          The short vertical cursor between the bottom of the price axis
          and the top of the volume axis is controlled by the cursor keys.
          Notice that is placed at the most recent data record.  By
          changing the position of this cursor, information on a different
          record will be printed on the last line of the screen. The
          function of each of the cursor keys is displayed below.

                            Table 3.2 - Pick Control Keys

          Key     Function

          Home    Positions cursor on the first record of the screen.

          End     Positions cursor on the last record of the screen.

          PgUp    Moves cursor ten positions to the right.

          PgDn    Moves cursor ten positions to the left.

          Up      Used to increase the size of the pick, or used to draw
                  upper trend lines in the Logarthmic Plot study.  Two
                  points must be chosen for a line to be drawn.

          Down    Used to decrease the size of the pick, or used to draw
                  lower trend lines in the Logarthmic Plot study.  Two
                  points must be chosen for a line to be drawn.



          PC Chart Documentation                              Page 34 of 77

          Right   Moves cursor one position to the right.
          Arrow

          Left    Moves cursor one position to the left.
          Arrow

          ?       Used to add current price and volume information to
                  price file.

          P or p  To print out charts on your printer.

          Daily bar charts are used to identify short term trends and
          favorable chart patterns. Edwards and McGee's "Technical Analysis
          of Stock Trends" is a classical reference book on interpreting
          chart patterns.  This book is recommended reading.

          Chart patterns are subject to individual interpretation. To
          become an successful trader in either stock or commodity markets,
          one must understand mass psychology. At the peak of the bull
          market, it is easy to get caught up in rampant euphoria. Extreme
          optimism will cloud your interpretation of what each chart
          pattern means.  Chart interpretation is subjective, never use
          this technique alone, use the other indicators in this package to
          arrive at an objective decision.

          3.2  Relative Strength Index

          The Relative Strength Index (RSI) is one of the most widely used
          technical indicators.  The originator of the Relative Strength
          Index is J. Welles Wilder Jr. who explains it fully in his book,
          "New Concepts In Technical Trading Systems". This indicator is
          highly effective in aiding a technical analyst in chart
          interpretation.  Some factors to consider when you using the
          index are:

          1.  TOPS and BOTTOMS are indicated when the RSI goes above 70 or
              drops below 30.

          2.  CHART FORMATIONS which often show up graphically on the RSI
              may not be apparent on the bar chart.

          3.  FAILURE SWINGS above 70 or below 30 on the RSI are strong
              indications of market reversals.

          4.  SUPPORT and RESISTANCE often show up clearly on the RSI
              before becoming apparent on the bar chart.

          5.  DIVERGENCE between the RSI and price action on the chart is a
              very strong indicator that a market turning point is
              imminent.

          The theoretical basis of Relative Strength Index is the momentum
          concept. A momentum oscillator is used to measure the velocity or
          rate of change of price over time.

          Relative Strength is a momentum oscillator whose rate of change
          is directly proportional to the velocity of the trend.

          PC Chart Documentation                              Page 35 of 77


          The Relative Strength Index Equation

          RSI = 100 - 100
                      ____
                      1+RS

          RS = Average of L day's close UP
               _____________________________
               Average of L day's close DOWN

          Where L is a variable which can be varied from 1 to 30.

          The ideal setting for Relative Strength is exactly one half the
          period of the cycle.

          J. Welles Wilder has suggested levels of 70 and 30 to
          respectively signify tops and bottoms.  The index usually leads
          the market and peaks before the actual top or bottom.  Extreme
          values such as 90 or 10, signify unusual strength or weakness.
          RSI can be used as a early warning signal.

          Classic chart formations will often show up on the Relative
          Strength Index which is not obvious on a corresponding bar chart.
          Heads and shoulders tops or bottoms, pennants or triangles to
          indicate buy and sell points.

          Failure swings which occurs above 70 or below 30 are very strong
          indications of a market reversal.  Support and resistance levels
          often show up clearly on RSI before it can be seen on a bar
          chart.

          Divergence between what you see on the bar chart and the Relative
          Strength Index often occurs at market turning points. Divergence
          occurs when prices are flat or and RSI is increasing, or prices
          are flat or increasing and price movement is either flat or
          increasing.

          3.3  Moving Averages

          In this system, two moving averages are plotted on the daily
          price bar chart. The bottom half ot the chart is simply a plot of
          the difference between the closing price and the moving averages
          divided by the closing price.

          The formulas for calculating moving averages are as follows:

                                       L - 1

          Exponential moving Average = Sum      Closing Price
                                                _____________
                                       K = 0               K
                                                Beta - Beta
                                                _____________
                                                1 - Beta



          PC Chart Documentation                              Page 36 of 77



          If Beta = 1.00, then the average is a simple moving average.

          Simple Moving Average =  Sum of L day closing price
                                   __________________________

                                               L

          Valid range for L = 1 to 200 (Default Setting = 20)

          Beta = 0.0 to 1.0 (Default Setting = 1 and 0.75)

          Moving averages is a highly flexible technique, which can be used
          in a variety of different ways.  One of the most reliable and
          most readily available technical indicator is the 200 day moving
          average of a security. Joseph E. Granville has listed eight basic
          rules for using the 200 day moving average.

          1.  If the 200 day average line flattens out following a previous
              decline, or is advancing, and the price of the stock penetrates
              the average line on the upside, this comprises a major buying
              signal.

          2.  If the price of the stock falls below the 200 day moving
              price while the average line is still rising this is also
              considered to be a buying opportunity.

          3.  If the stock price is above the 200 day line and is declining
              toward that line, fails to go through and start to turn up
              again, this is a buying signal.

          4.  If the stock price falls too fast under the declining 200 day
              average line, it is entitled to an advance back toward the
              average line and the stock can be bought for this short term
              technical rise.

          5.  If the 200 day average line flattens out following a previous
              rise, or is declining, and the price of the stock penetrates
              that line on the downside, this comprises a major sell
              signal.

          6.  If the price of the stock rises above the 200 day moving
              average price line while the average line is still falling,
              this also is considered to be a selling opportunity.

          7.  If the stock price is below the 200 day line and is advancing
              toward that line, fails to go through and starts to turn down
              again, this is a selling signal.

          8.  If the stock price advances too fast above the advancing 200
              day average line, it is entitled to a reaction back toward
              the average line and the stock can be sold for the short term
              technical reaction.




          PC Chart Documentation                              Page 37 of 77



          Moving averages are calculated from historical price information.
          In flat or consolidating markets, moving averages would closely
          track the current prices. In trending markets, they can be used
          in buy and sell decisions.  A long-term trend indicator can be
          obtained by comparing a short-term moving average with a
          longer-term average.  The trend is rising when the short term is
          above the longer term, and vice-versa.

          The default setting for Moving Averages is 20, 1.0, 20, 0.75 for
          first length, first beta, second length, and second beta.  These
          parameters were first proposed by Dr. Soudack, at the University
          of British Columbia.  These parameters have been tested and found
          to be highly reliable.  The advantage of these parameters are
          that you are using the same set of data for both the slow (simple
          moving average) and the fast (exponential moving average). If the
          exponential moving average is above the simple moving average
          then the indicator is bullish. If the reverse is true, the
          exponential moving average is below the simple moving average,
          then the indicator is bearish.

          The solid line on the bottom half of the chart is (1 - MA ).
                                                                   1
                                                                 ---
                                                                 Close

          The dotted line on the bottom half of the chart is (1 - MA ).
                                                                   2
                                                                 ---
                                                                 Close

          Moving average crossover points are easier to see on the bottom
          chart.

          3.4  Parabolic System

          The Parabolic System is comprised of both the Parabolic
          Time/Price System and the Directional Movement Index. The
          Parabolic Time/Price System is charted on the top portion of the
          screen while the Directional Movement Index is charted on the
          bottom half of the screen.

          The Parabolic Time/Price System derives its name from the fact
          that when charted, the pattern formed by the stops resembles a
          parabola.  The stops are a function of price and time. The stop
          never backs up.  It moves only an incremental amount every day,
          only in the direction in which the trade has been initiated.

          ADX is the solid line plotted on the bottom half of the screen.
          While the Up Arrow represents positive DI, and the Down Arrow
          represents negative DI.






          PC Chart Documentation                              Page 38 of 77


                                      Table 3.3

                        Rules for Parabolic Time/Price System

          Entry:

          A position is entered when a price penetrates the SAR.  Stop
          and Reverse (SAR):

          A.  For the first day of entry, the SAR if the previous SIP
              (Significant Point).

              1.  If entered Long the SIP is the lowest price reached
                  while in the previous Short trade.

              2.  If entered Short, the SIP is the highest price reached
                  while in the previous Long Trade.

          B.  For the second day and thereafter, the SAR is calculated as
              follows:

              1.  If Long:

                  a.  Find the difference between the highest price made
                      while in the trade and SAR for today.  Multiply
                      the difference by the AF and add the result to the
                      SAR today to obtain the SAR for tomorrow.

                  b.  Use 0.02 for the first AF and increase its value by
                      0.02 on every day a new high for the trade is made.
                      If a new high is not made, continue to use the AF
                      as last increased.  DO NOT INCREASE THE AF ABOVE
                      0.20.

              2.  If Short:

                  a.  Find the difference between the lowest price made
                      while in the trade and the SAR for today.  Multiply
                      the difference by the AF and subtract the result
                      from the SAR today to obtain the SAR for tomorrow.

                  b.  Use 0.02 for the AF and increase its value by .02 on
                      every day that a new low for the trade is made.  If a
                      new low is not made, continue to use the AF as last
                      increased.  DO NOT INCREASE THE AF ABOVE 0.20.

          C.  Never move the SAR into the previous day's range or today's
              range.

              1.  If Long, never move the SAR for tomorrow above the
                  previous day's low or today's low.   If the SAR is
                  calculated to be above the previous day's low or today's
                  low, then use the lower low between today and the
                  previous as the new SAR.  Make the next day's calculation
                  based upon this SAR.


          PC Chart Documentation                              Page 39 of 77


              2.  If Short, never move the SAR for tomorrow below the
                  previous day's high or today's high. If the SAR is
                  calculated to be below the previous day's high or today's
                  high, the use the higher high between today and the
                  previous day as the new SAR. Make the next day's
                  calculations based upon this SAR.

          The Directional Movement Index is a method to rate directional
          movement of any or all commodities or stocks on a scale from 0 to
          100. Trending systems can be used when ADX is in the upper end of
          the scale. The market can be avoided altogether, or systems which
          capitalize on choppy or non-trending markets can be used. Trading
          systems which capitalize on non-trending markets are not included
          in PC Chart.

          How do we define directional movement (DM)? DM is the largest
          part of today's range that is outside of yesterday's range.
          Formulas are listed below to calculate positive and negative DM.

          1. +DM = Today's High - Yesterday's High (0 if negative)

          2. -DM = Today's Low - Yesterday's Low (0 if positive)

          Directional movement must be either up or down, it cannot be a
          combination of both.  The algorithm listed below is used to
          determine the value of directional movement.

          IF ( DM  ABSOLUTE VALUE ( -DM ) )
               DM = +DM
          ELSE
               IF ( DM = ABSOLUTE VALUE ( -DM ) )
                    DM = 0
               ELSE
                    DM = ABSOLUTE VALUE ( -DM )

          DM is normalized by calculating today's TRUE RANGE (TR). It is
          the largest of the following:

          1.  The distance between today's high and today's low.

          2.  The distance between today's high and yesterday's close.

          3.  The distance between today's low and yesterday's close.

          TR is always greater or equal to zero.    The Directional
          Indicator (DI) is calculated by dividing DM by TR.

          DI = DM               -DI = -DM
               __                     ___
               TR                      TR

          To make DI a usable tool we must obtain a sum of DI's over a
          period of time.  This period is user adjustable by going into the
          Parameter item of the Analysis menu and changing the value for
          DMS.  The default setting is 14.


          PC Chart Documentation                              Page 40 of 77



          To make DI an usable tool we must obtain a sum of DI's over a
          period of time.  The default value is fourteen days.  We then
          calculate the difference between positive DI and negative DI (DI
          DIFF), then positive DI and negative DI to get (DI SUM).  DX
          is calculated by dividing DI DIFF by DI SUM.  ADX is the average
          of the last fourteen (default) days of DX.

          DI DIFF = DI - (-DI)

          DI SUM  = DI + (-DI)

          DX = DI DIFF
               _______
               DI SUM

                 DMS

          ADX =  SUM  DX

                 J = 1

          ADX is the solid line plotted on the bottom half of the screen.
          While the Up Arrow represents positive DI, and the Down Arrow
          represents negative DI (averaged over fourteen days).

          DI, -DI, and ADX are between 0 and 100.  The value of DI
          represents in percentage terms how much of the movement is
          upwards, conversely -DI expresses how much of the movement is
          downwards.  DI and -DI can be can be used as a trending system,
          you go Long when DI crosses -DI on its way upwards and Short when
          -DI crosses DI on its way downward.  The equilibrium point is
          reach when DI and -DI are equal.

          ADX is a measurement of how good the up and down measurement in
          excess of the equilibrium point.  Large values of ADX represent a
          situation where a trending system can be used.  As a rule of
          thumb the value of ADXR can be calculated as follows.

          ADXR = (ADX(present) + ADX(present - DMS days)) / 2

          ADXR is computed by summing the current ADX with the ADX of
          fourteen days ago (default) and dividing by two.  When ADXR is
          above 25 a trend-following system can be used, values of ADXR
          below 25 mean the market is trading sideways and a trading system
          designed for such movement should be used.

          DMS can be varied from 1 to 15.

          3.5  Logarithmic Plot

          In this system price and volume is plotted in a logarthmic scale.
          Upper and lower trend lines are better represented in a log plot
          because equal percentage changes in price are represented by the
          same distance on the screen.  The up arrow key is used to choose
          the end points of the upper trend line, while the down arrow key

          PC Chart Documentation                              Page 41 of 77



          plays a similar role in the lower trend lines.  Two points are
          needed to define a line.  The high price of each day is used to
          define upper trend lines, while the low price of each day is used
          in lower trend lines.

          The upper and lower trend lines are used to define a channel in
          which prices are expected to stay.  As you can see prices are
          trending downward.  The theory behind a trend channel is that
          prices are expected to stay within the boundaries of the channel.
          When prices break above a downward slanting channel then the
          stock has broken out of the downward trend.

          An indefinite number of trend lines can be drawn on the
          Logarithmic Plot. Feel free to experiment with drawing numerous
          trend channels.

          3.6  Point & Figure

          The basic premise of Point & Figure Charting and trading is that
          the Law of Supply and Demand, and nothing else, governs the price
          of a stock. When demand exceeds Supply, the price of a stock goes
          up; when Supply exceeds Demand, the price of a stock goes down.
          When Supply and Demand are contesting for supremacy, the price of
          a stock moves sideways.

          Every Point and Figure chart, consists of the following elements:
          (1) a vertical column of X's going straight up (Demand has
          overcome Supply); (2) a vertical column of 0's going straight
          down (Supply has over Demand); and (3) an interruption in these
          vertical columns by short alternating column of X's and O's
          (Supply and Demand are contesting for supremacy). The Point and
          Figure chart is therefore, a pictorial record of the contest
          between the forces of Supply and Demand.

          The two basic formations consist of three vertical columns.  It
          is impossible to have a chart pattern that consists of less than
          three columns. All other chart patterns are derivations from and
          combinations of these two basic patterns.  According to A. W.
          Cohen the Double Top formation is profitable 80.3% of the time it
          occurs for an average gain of 38.7%, the average time for the
          gain is 11.5 months.  The Double Bottom formation is profitable
          82.1% of the time for an average gain of 22.7%, the average time
          for the gain is 4.7 months.

                                         X - Breakout
                                     X   X
                                     X O X
                                     X O X
                                     X O
                                     X

                            Figure 3.1 - Double Top




          PC Chart Documentation                              Page 42 of 77



                                     O
                                     O X
                                     O X O
                                     O X O
                                     O X O
                                         O - Breakout

                            Figure 3.2 - Double Bottom

          The Double Top formation signifies a buy when a breakout occurs.
          conversely in the Double Bottom formation a breakout is a sell
          signal.

          3.7  Stochastics

          Stochastics is a system devised by George C. Lane. The formula to
          calculate stochastics is very simple.

          %K = Current Close Price - Low Price of Period * 100
               _________________________________________

               High Price of Period - Low Price of Period

          %D = 3 Day Simple Moving Average of %K

          Stochastics is essentially a momentum indicator which indicates
          overbought and oversold conditions. The number calculated is
          between 0 and 100.  Stochastics can be used as both a trending
          system or as a overbought/oversold oscillator when prices are
          consolidating.  The time period can be varied from 1 to 200 days.
          As in all the indicators the current date is the reference point
          of any period.  For example, if stochastics is set to 1 then only
          the current date is included in the period.  The validity of the
          close prices of a stock or commodity can be checked by setting
          the period of stochastics to 1. If the graph of stochastics
          varies outside the valid range of 0 and 100 then the close value
          on that particular date is invalid, since the close cannot be
          lower than the low or higher than the high.

          Low values of stochastics means that the price is trending
          downward, while high values mean the price are trending upward.
          The default value of stochastics is 14 days.

          Stochastics is designed to show when prices are relatively high
          or low.  This Indicator is used to help you buy low, sell high or
          vice-versa.  The proper use of stochastics also requires that
          there be divergence between %D and price in order to generate a
          buy signal.

          3.8  Weekly Chart

          Weekly charts are used to compress years of daily price/volume
          information into one chart.  Medium term price movements are
          easily seen on this chart.


          PC Chart Documentation                              Page 43 of 77



          According to Frost and Prechter in the book "Elliot Wave Theory"
          the best way to follow Elliot waves is to keep a hourly chart.
          However, Elliot waves occur in daily, weekly, and monthly charts.
          This theory only is applicable on widely traded commodities or
          stocks. The Dow 30 Industrial Index is a stock index comprising
          of thirty representative companies on the New York Stock Exchange.

          Weekly charts combined with the Elliot Wave Theory can be used
          to forecast major turning points.

          Stock prices are volatile, the Elliot Wave Theory can be used to
          predict precise turning points in both price and time.

          1.  The week ended September 20, 1985 had a low of 1283.71,
              which was the low of the first wave.  The top of 1922.67
              in the first wave occurred on July 3, 1986.

          2.  The bottom of 1733.35 in the second wave occurred on
              September 12, 1986.

          3.  The third wave topped out at 2428.41 in the week of April
              10, 1987.

          Let's do some simple calculations and make some predictions.

          L = Top of 1st wave - Bottom of 1st wave
          L = 1922.67 - 1283.71 = 638.96

          5th wave top = 1.618 * L + bottom of 2nd wave (bottom of range)
          5th wave top = 1.618 * L + top of 3rd wave (top of range)
          5th wave top = 1.618 * 638.96 + 1733.35   = 2767.18
                       = 1.618 * 638.96 + 2428.41   = 3462.47

          Range for prediction for 5th wave top = 2767.18 - 3462.47
          The actual 5th wave top was 2746.65 in the week of August 28,
          1987.

          WARNING:  ELLIOT WAVE THEORY IS APPLICABLE ONLY FOR WIDELY TRADED
          COMMODITIES OR SECURITIES.  IT DESCRIBES THE EFFECT OF MASS
          PSYCHOLOGY ON MARKETS.

          In actual practice, Elliot Waves are very difficult to identify.
          There are a number of variations to the basic movement, including
          regular and irregular corrective patterns, triangles, extensions,
          channels and "failures".  A great deal of subjective
          interpretation is necessary.

          3.9  Monthly Chart

          Long-term investors can determine long-term trends using Monthly
          Charts.  Short and medium-term trends are obscured on a Monthly
          Chart.  Long term trends are readily visible in these types of
          charts.



          PC Chart Documentation                              Page 44 of 77



          3.10  Money Flow

          Money Flow is a proprietary indicator devised by the author.  All
          the current technical indicators that we are aware of rely on
          either price or volume changes.  Dr. Soudack at the University
          of British Columbia pointed out that certain indicators such as
          the Relative Strength Index, devised by J. Welles Wilder place
          equal weight on the same difference in closing prices regardless
          of the number of contracts or shares traded.

          We have written an article on the Money Flow Index. which was
          published in the March 1989 issue of Technical Analysis of Stocks
          & Commodities.  Money Flow has been incorporated in the following
          products:

              1.  U.S. Trading Champion's Neural Net Software trained on
                  the S&P 500 written by Karl R. Bergerson, US Trading
                  Championships 1988-1990:  1st place, options division
                  1988, 3rd Place 1989, 5th place 1990, Seattle,
                  Washington.
              2.  PBS, Byte Research & Trading, Riverhead, NY.
              3.  AIQ StockExpert, AIQ Systems, Incline Village, NV.
              4.  LiveWire, Cablesoft, Lenexa, KS.

          Money Flow is a measure of the strength of capital entering and
          leaving the market. When the today's average price is greater
          than yesterday's average price then it is an up day for money
          flow.

          Average Price = (High + Low + Close)
                          ____________________

                                  3.0

          A time period is chosen and positive and negative money flow is
          calculated for this period.

          Positive Money Flow = Sum of Positive Money Flow for Time Period

          Negative Money Flow = Sum of Negative Money Flow for Time Period

          The default time period is 14 days.  The ratio of positive money
          flow is divided by negative money flow and normalized to range
          from 0 to 100.

          Money Flow = 100 -     100
                            _______________

                            1 + Money Ratio

          Money Ratio = Positive Money Flow
                        ___________________

                        Negative Money Flow


          PC Chart Documentation                              Page 45 of 77



          This ratio can be used in a similar fashion as Relative Strength
          Index.

          1.  Tops and Bottoms are indicated when Money Flow goes above 80
              or drops below 20.

          2.  Failure Swings above 80 or below 20 on the Money Flow Index
              are strong indications of market reversals.

          3.  Divergence between Money Flow and price action on the chart
              is a very strong indicator that a market turning point is
              imminent.

          3.11  Parameters

          The analysis parameters appear below.

     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.    Wed May 11 1990 16:34:18
     ======================================================================
      ANALYSIS  File  Modem  Setup  Exit
     ======================================================================
     +===========++==========++=======================++============+
     | A:  NYSE  || A: XON   || A:  Price/Volume      || AD  = AD   |
     | B:  INDEX || B: IBM   || B:  Relative Strength || RSI = 14   |
     | C:  AD    || C: TXN   || C:  Moving Averages   || L1  = 20   |
     +===========++==========+| D:  Parabolic System  || L2  = 20   |
                              | E:  Logarthmic Plot   || B1  = 1.00 |
                              | F:  Point & Figure    || B2  = 0.75 |
                              | G:  Stochastics       || DMS = 14   |
                              | H:  Weekly Chart      || STO = 14   |
                              | I:  Monthly Chart     || $   = 14   |
                              | K:  Money Flow        |+============+
                              | L:  PARAMETERS        |
                              +=======================+

                           Figure 3.3 - Change Parameters

                        Table 3.4 - Description of Parameters

          Term    Meaning

          AD      Specifies name of symbol file which contains the Advance
                  Decline data files.  These files have a special extension
                  ".DEL".

          RSI     The number of days for the RSI calculation can be
                  specified.  The valid range is between 1 to 30 days.  The
                  ideal setting for RSI is the one half of the period of
                  the price cycle. Fourteen days is a good starting point.

          L1      The number of days for the first moving average can be
                  specified.  The valid range is between 1 to 200 days. The
                  default setting is 20.



          PC Chart Documentation                              Page 46 of 77



          L2      The number of days for the second moving average can be
                  specified.  The valid range is between 1 to 200 days.
                  The default setting is 20.

          B1      Beta for the first moving average can be modified to
                  range from 0.0 to 1.0.  A simple moving average can be
                  constructed by setting Beta to 1.0.

          B2      Beta for the second moving average can be modified to
                  range from 0.0 to 1.0.  A simple moving can be be
                  constructed by setting Beta to 1.0.

          DMS     The number of days used in the Directional Movement
                  System can be varied from 1 to 15 days.

          STO     The number of days used in Stochastics can be varied
                  from 1 to 200 days.

          $       Refers to the number of days used in the Money Flow
                  Indicator.  (1 - 30)

          The cursor and number keys are used to vary the parameters used
          in the technical trading systems.

          3.12  Advance/Decline Indicators

          The Advance Decline indicators are used to determine the overall
          trend of the entire market. The Advance Decline Line is simply a
          plot of delta, which is simply advances minus declines.  Two
          moving averages of delta are plotted in comparsion with delta.
          The default setting for these Moving Averages are 30 days, 1.0,
          30 days, 0.9.  In the first Advance Decline Indicator the total
          volume of the exchange is plotted on the bottom half of the
          chart.  In the second indicator, the moving averages are
          plotted on an enlarged scale.

          Advance Decline is used to predict the overall trend of the
          market. It work in a similar fashion as Moving Averages.  When
          the Exponential Moving Average (EMA) crosses the Simple Moving
          Averages (SMA) in a upward direction, this is a buy signal.  When
          the EMA crosses the SMA in a downward direction then this is a
          sell signal.  Crossover points are clearly defined on the bottom
          half of the chart.













          PC Chart Documentation                              Page 47 of 77
























                                       Part 4

          Setup

          This part of the manual explains how to configure program
          parameters for your computer system. The screen colors, drive,
          communication parameters and printer drivers can be set up for
          your system. The default disk drive can be changed using this
          options.  Five types of monitors are supported with this program:
          Composite video, RGB Color, TTL monochrome, EGA, and VGA monitors
          are supported.  The communication parameters must be specified to
          successfully communicate with All-Quotes, Dial/Data, or GEnie.























          PC Chart Documentation                              Page 48 of 77



                                      Chapter 4

        Setup

                  4       Purpose of Setup                               50

                  4.1     Colors                                         50

                  4.2     Drive                                          50

                  4.3     Format                                         51

                  4.4     All-Quotes                                     52

                  4.5     Dial/Data                                      53

                  4.6     GEnie                                          54

                  4.7     Printer                                        55





































          PC Chart Documentation                              Page 49 of 77



          4  Purpose of Setup

          The default setting for screen colors, drive, communication
          parameters, and printer drivers can be changed to set up the
          program for your computer system.  One version of PC Chart will
          work with CGA/HGC video cards.  While the other will work with
          EGA/VGA video cards.

          The default disk drive and directory can be changed so that the
          program looks in a different directory for data files.  The
          password sequences assigned to you by All-Quotes, Dial/Data, and
          GEnie must be entered to successfully download stock quotations.

          4.1  Colors

          The default screen colors when PC Chart is shipped is Black &
          White.  On RGB, EGA, or VGA Color Displays the color on the text
          screen can be changed.  To prevent illegible screens, the text
          colors cannot be changed on TTL monochrome screens driven by
          Hercules cards.

          In the EGA/VGA version there is an additional menu item (Graph
          C.) which is used to change the color of the charts.

     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.    Wed May 11 1988 16:34:18
     ======================================================================
      Analysis  File  Modem  SETUP  Exit
     ======================================================================
                            +=================++=============+
                            |  A:  TEXT C.    || A:  B&W     |
                            |  B:  Drive      || B:  Color 1 |
                            |  C:  Format     || C:  Color 2 |
                            |  D:  All-Quotes |+=============+
                            |  E:  Dial/Data  |
                            |  F:  GEnie      |
                            |  G:  Printer    |
                            +=================+

                              Figure 4.1 - Colors Menu

          4.2  Drive

          When PC Chart is started it looks for two system files.  The
          name of these two files are "CONFIG.CHT" and "SYM.FIL". It looks
          for the two system files in the default directory, which is the
          current directory.  The two system files contain all the program
          parameters.  For example in a floppy based system the default
          path name will be B:, while in a hard disk based system it will
          be current directory.







          PC Chart Documentation                              Page 50 of 77


          One of the program parameters is the default path name, this path
          name is used by PC Chart to determine where to look for necessary
          data files. Symbol files are differentiated by the extension
          ".SYM". These files are essential for the proper operation of the
          program since they are used to build the menus.

     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.    Wed May 11 1990 16:34:18
     ======================================================================
      Analysis  File  Modem  SETUP  Exit
     ======================================================================
                            +=================++==========================+
                            |  A:  Text C.    ||C:                        |
                            |  B:  Drive      |+==========================+
                            |  C:  Format     |
                            |  D:  All-Quotes |
                            |  E:  Dial/Data  |
                            |  F:  GEnie      |
                            |  G:  Printer    |
                            +=================+

                               Figure 4.2 - Drive Menu

          4.3  Format

          PC Chart can read and write its own proprietary files and ASCII
          (text) files, it can also read CSI data files.  Examples of
          each data file type is included with PC Chart.  You are welcome
          to experiment with changing the data format.

          It is recommended that you stick with the PC Chart data format.
          The majority of PC Chart is written in "C" , and the program will
          read and write to its own proprietary format quicker because all
          of the price and volume information is saved in "C" floating point
          notation.

     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.    Wed May 11 1990 16:34:18
     ======================================================================
      Analysis  File  Modem  SETUP  Exit
     ======================================================================
                       +================++==============+
                       | A:  Text C.    || A:  PC Chart |
                       | B:  Drive      || B:  ASCII    |
                       | C:  FORMAT     || C:  CSI      |
                       | D:  All-Quotes |+==============+
                       | E:  Dial/Data  |
                       | F:  GEnie      |
                       | G:  Printer    |
                       +================+

                      Figure 4.3 - Data Format Menu







          PC Chart Documentation                              Page 51 of 77


          4.4  All-Quotes

          The All-Quotes menu is used to change the communication
          parameters used by the program to communicate with All-Quotes.
          These parameters are explained in Table 4.1

     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.    Wed May 11 1990 16:34:18
     ======================================================================
      Analysis  File  Modem  SETUP  Exit
     ======================================================================
                            +================++===========================+
                            | A:  Text       || Port #    = 2             |
                            | B:  Drive      || P or T    = T             |
                            | C:  Format     || Phone #   =               |
                            | D:  All-Quotes || Password  =               |
                            | E:  Dial/Data  || Baud Rate = 2400          |
                            | F:  GEnie      |+===========================+
                            | G:  Printer    |
                            +================+

                            Figure 4.4 - All-Quotes Menu

          The modem parameters are explained in the table below.

                          Table 4.1 - All-Quotes Parameters

          Description     Explanation

          Port #          Communication port to be used (either 1, 2, 3, or
                          4).

          P or T          The two types of phone service are called Pulse
                          or Tone.

          Phone #         The phone number of the nearest All-Quotes access
                          number.

          Password        Password issued by All-Quotes for your usage.

          Baud Rate       Set at 1200 or 2400 baud.

















          PC Chart Documentation                              Page 52 of 77



          4.5  Dial/Data

          The Dial/Data menu is used to change the communication parameters
          used by the program to communicate with Dial/Data.  These
          parameters are explained in Table 4.2

     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.   Wed May 11 1990 16:34:18
     ======================================================================
      Analysis  File  Modem  SETUP  Exit
     ======================================================================
                            +================++===========================+
                            | A:  Text       || Port #     = 2            |
                            | B:  Drive      || P or T     = T            |
                            | C:  Format     || Phone #    =              |
                            | D:  All-Quotes || Usercode   =              |
                            | E:  Dial/Data  || Password   =              |
                            | F:  GEnie      || Chargecode =              |
                            | G:  Printer    || Baud Rate  =              |
                            +================++===========================+

                             Figure 4.5 - Dial/Data Menu

          The modem parameters are explained in the table below.

                          Table 4.2 - Dial/Data Parameters

          Description     Explanation

          Port #          Communication port to be used (either 1, 2, 3, or
                          4).

          P or T          The two types of phone service are called Pulse
                          or Tone.

          Phone #         The phone number of the nearest 1200 or 2400 baud
                          Sprintnet number.

          Usercode        The user code is issued by Dial/Data to identify
                          each user account.

          Password        Password issued by Dial/Data for your usage,
                          allows you access to daily and historical
                          stock quotations.

          Chargecode      Usually the initials of the particular user.

          Baud Rate       Set at 1200 or 2400 baud.









          PC Chart Documentation                              Page 53 of 77



          4.6  GEnie

          The GEnie menu is used to change the communication parameters
          used by the program to communicate with GEnie.  These parameters
          are explained in Table 4.3

     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.    Wed May 11 1990 16:34:18
     ======================================================================
      Analysis  File  Modem  SETUP  Exit
     ======================================================================
                            +================++===========================+
                            | A:  Text       || Port #    = 2             |
                            | B:  Drive      || P or T    = T             |
                            | C:  Format     || Phone #   =               |
                            | D:  All-Quotes || Userid    =               |
                            | E:  Dial/Data  || Password  =               |
                            | F:  GEnie      || Baud Rate = 2400          |
                            | G:  Printer    |+===========================+
                            +================+

                               Figure 4.6 - GEnie Menu

          The modem parameters are explained in the table below.

                            Table 4.3 - GEnie Parameters

          Description     Explanation

          Port #          Communication port to be used (either 1, 2, 3, or
                          4).

          P or T          The two types of phone service are called Pulse
                          or Tone.

          Phone #         The phone number of the nearest GEnie number.

          Password        Password issued by GEnie for your usage, allows
                          you access to daily stock quotations.

          Baud Rate       Set at 1200 or 2400 baud.
















          PC Chart Documentation                              Page 54 of 77



          To successfully communicate with All-Quotes, Dial/Data, or GEnie
          answer these questions.

                  1.  What communication port is the modem connected to?

                  2.  What type of phone connection do you have, Pulse or
                      Tone?

                  3.  What is the phone number of the nearest Sprintnet
                      network connection?

                  4.  What is the appropriate password?

          Answer the above questions then change the appropriate
          communication parameters.

          4.7  Printer

          The Printer menu is used to choose the appropriate printer
          driver.

     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.    Wed May 11 1990 16:34:18
     ======================================================================
      Analysis  File  Modem  SETUP  Exit
     ======================================================================
                            +================++==============+
                            |  A:  Text C.   || A:  EPSON-FX |
                            |  B:  Drive     || B:  EPSON-LQ |
                            |  C:  Format    || C:  IBM-PRO  |
                            |  D:  Dial/Data || D:  HP-LASER |
                            |  E:  Printer   |+==============+
                            +================+

                              Figure 4.5 - Printer Menu


                     Table 4.2 - Dot Matrix Compatible Printers

          Desc.                   Epson-FX        Epson-LQ        IBM-Pro

          AEG Oly. NP80-24                        ok              ok
          AEG Oly. NP136-24                       ok              ok
          AEG Oly. NP80-24E                       ok              ok
          AEG Oly. NP80SE         ok                              ok
          AEG Oly. NP136SE        ok                              ok
          AEG Oly. NPC136-24                      ok              ok
          Alps ASP1600                                            ok
          Alps Allegro 500                                        ok
          Alps Allegro 500XT                                      ok
          Amstrad DMP 3000        ok                              ok
          Amstrad DMP 3500        ok              ok              ok
          AMT Accel-500           ok              ok              ok
          AT&T 570                ok                              ok
          AT&T 583                ok                              ok
          Axionix LiteWrite       ok                              ok

          PC Chart Documentation                              Page 55 of 77


                              Table 4.2 - Continued...

          Desc.                   Epson-FX        Epson-LQ        IBM-Pro

          Blue Chip M200/NLQ      ok                              ok
          Brother M-1809          ok                              ok
          Brother M-1824L                         ok              ok
          Brother M-1909          ok                              ok
          Bull Compu 4/22         ok                              ok
          Bull Compu 4/23         ok                              ok
          Bull Compu 4/24                         ok              ok
          Bull Compu 4/40         ok                              ok
          Bull Compu 4/43         ok                              ok
          Bull Compu 4/54                         ok              ok
          Bull Compu 4/68         ok
          CIE CI-5000             ok                              ok
          Citizen GSX-140                         ok              ok
          Citizen HSP-500         ok                              ok
          Citizen HSP-550         ok                              ok
          Citizen 200GX           ok                              ok
          Citizen GSX-140                         ok              ok
          C.Itoh 5000             ok                              ok
          C.Itoh C-610                            ok              ok
          C-Tech Pro C-240        ok                              ok
          C-Tech Pro C-245        ok                              ok
          C-Tech Pro C-515        ok                              ok
          C-Tech Pro C-610                        ok              ok
          C-Tech Pro C-610C                       ok              ok
          C-Tech C-645                            ok              ok
          Dataproducts 9030       ok                              ok
          Dataproducts 9044                       ok
          Dec LA70                                                ok
          DEC LA 75                                               ok
          DEC LA 324                                              ok
          Epson DFX-8000                          ok              ok
          Epson FX-80             ok
          Epson FX-1050           ok
          Epson JX-80             ok
          Epson LX-80             ok
          Epson MX-80             ok
          Epson RX-80             ok
          Epson LQ-510                            ok
          Epson LX-810                            ok
          Epson LQ-850                            ok
          Epson LQ-860                            ok
          Epson LQ-1010                           ok
          Epson LQ-1050                           ok
          Epson LQ-2550                           ok
          Facit B1200             ok                              ok
          Facit B2400                             ok              ok
          Facit B3450                             ok              ok
          Facit B3450             ok                              ok





          PC Chart Documentation                              Page 56 of 77



                              Table 4.2 - Continued...

          Desc.                   Epson-FX        Epson-LQ        IBM-Pro

          Fortis DM2210           ok                              ok
          Fortis DM2215           ok                              ok
          Fortis DM3215           ok                              ok
          Fortis DQ4110           ok              ok              ok
          Fortis DQ4210           ok              ok              ok
          Fortis DQ4215                           ok              ok
          Fujitsu DL4400                          ok              ok
          Fujitsu DL4600                          ok              ok
          Genicom 1040                            ok              ok
          Genicom 3410                                            ok
          Genicom 3820            ok                              ok
          Genicom 3840            ok                              ok
          Hyundai HDP-910         ok
          Hyundai HDP-920         ok
          Hyundai HDP-1810        ok
          Hyundai HDP-1820        ok
          IBM Proprinter X24E                                     ok
          IBM Proprinter XL24E                                    ok
          Laser 190E              ok
          Laser 240               ok                              ok
          Mann. Tally 81          ok                              ok
          Mann. Tally 130/9       ok                              ok
          Mann. Tally 131/9       ok                              ok
          Mann. Tally 130/24                      ok              ok
          Mann. Tally 131/24                      ok              ok
          NCR 6417-0101           ok                              ok
          NCR 6421-0201           ok                              ok
          NEC Pinwriter P2200XE                   ok
          NEC Pin P6200                           ok
          NEC Pin P6300                           ok
          NEC P7                                  ok
          Okidata 380                             ok
          Okidata 390                             ok              ok
          Okidata 391                             ok              ok
          Okidata 393                             ok              ok
          Olivetti DM105S         ok                              ok
          Olivetti DM309S         ok                              ok
          Olivetti DM600S                         ok
          Output Technology                       ok              ok
          Panasonic KX-P1124                      ok              ok
          Panasonic KX-P1180      ok              ok
          Panasonic KX-P1191      ok              ok
          Panasonic KX-P1624      ok              ok              ok
          Panasonic KX-P1695      ok              ok
          Seikosha BP-5460        ok
          Seikosha SL-90                          ok
          Seikosha SL-230AI                       ok              ok
          Seikosha SP-1600AI      ok
          Seikosha SP-2000        ok                              ok



          PC Chart Documentation                              Page 57 of 77



                              Table 4.2 - Continued...

          Desc.                   Epson-FX        Epson-LQ        IBM-Pro

          Star Mic NX-1500        ok                              ok
          Star Mic. XB-2410                       ok              ok
          Star Mic. XR-1000       ok                              ok
          Star Mic. XR-1500       ok                              ok
          Star Mic. XR-2410                       ok              ok
          Star Mic. XR-2415                       ok              ok
          Tandy DMP 133           ok                              ok
          Tandy DMP 240                           ok              ok
          Tandy DMP 300                                           ok
          Tandy DMP 442                                           ok
          Tandy DMP 2102                                          ok
          Texas Ins 8930          ok                              ok
          Tosh. Express. 301                      ok
          Tosh. Express. 311                      ok              ok
          Unisys AP 1324                                          ok
          Unisys AP 1327          ok                              ok

                         Table 4.3 - Compatible Ink-Jet Printers

          Desc.                   EPS-FX  EPS-LQ  IBM-PRO HP-Laser

          Canon BJ-10e                            ok
          DEC LJ250 C.C. Printer                               ok
          DEC LJ252 C.C. Printer                               ok
          Epson EPI-4000          ok      ok                   ok
          HP Deskjet                                           ok
          HP Deskjet 500                                       ok
          HP PaintJet XL                                       ok
          Kodak Diconix 150 Plus  ok                           ok

                          Table 4.4 - Compatible Laser Printers

          Desc.                   EPS-FX  EPS-LQ  IBM-PRO HP-Laser

          AGFA P3400 PS                                   ok
          Brother HL-4            ok              ok      ok
          Brother HL-8e           ok              ok      ok
          Brother HL-8PS                                  ok
          Camin. Turbo. Plus 3                            ok
          Dataproducts LZR 650    ok              ok      ok
          Dataproducts LZR 2450 D                         ok
          Desktop Laser Beam      ok              ok      ok
          Epson EPL-6000                                  ok
          Everex Ab. Laserscript                          ok
          Facit P6060                                     ok
          Fortis DP600S           ok              ok      ok
          Fujitsu RX7100          ok              ok      ok
          Fujitsu RX7100PS        ok              ok      ok
          Fujitsu RX7100PS Plus                           ok



          PC Chart Documentation                              Page 58 of 77


                        Table 4.4 - Compatible Laser Printers

          Desc.                   EPS-FX  EPS-LQ  IBM-PRO HP-Laser

          Fujitsu RX7100 S/2      ok              ok      ok
          Fujitsu RX7200          ok              ok      ok
          Fujitsu RX7300E         ok              ok      ok
          Howtek Pixelmaster                              ok
          HP Laserjet                                     ok
          HP Laserjet Plus                                ok
          HP Laserjet II                                  ok
          HP Laserjet IID                                 ok
          HP Laserjet IIP                                 ok
          HP Laserjet III                                 ok
          HP Laserjet IIID                                ok
          HP Laserjet IIIP                                ok
          HP Laserjet IIIsi                               ok
          IBM Laserprinter        ok              ok      ok
          IBM Laserprinter E                              ok
          Kyocera F-1800A         ok              ok      ok
          Mann. Tally 905                 ok              ok
          Mann. Tally 906                                 ok
          Mann. Tally 906 PS                              ok
          Mann. Tally 910UPS                              ok
          Mitek 130T                                      ok
          NCR 6435                                        ok
          NCR 6436-0501           ok              ok      ok
          NEC LC-890                                      ok
          NEC Silentwriter2 90                            ok
          NEC Silentwriter2 290                           ok
          NewGen Turbo PS/360             ok              ok
          NewGen Turbo PS/480             ok              ok
          Okidata Okilaser 400                            ok
          Okidata Okilaser 820                    ok      ok
          Okidata Okilaser 840                            ok
          Olivetti PG 306         ok              ok      ok
          Packard Bell PB9500                             ok
          Panasonic KX-P4220                              ok
          Panasonic KX-P4450i     ok                      ok
          Printronix L2324                        ok
          Qume Crystal. Express                           ok
          Qume Crystal. Pub. II                           ok
          Qume Crystal. S.II                              ok
          Qume Crystal. S.S. II                   ok      ok
          QMS PS-410                                      ok
          QMS PS-810 Turbo                                ok
          QMS PS-820 Turbo                                ok
          QMS PS-2210                                     ok
          Raster Dev. Dir. Imp.                           ok
          Ricoh PC Laser 6000/PS                          ok
          Star LaserPrinter 811   ok              ok      ok
          Spear Desktop Laser                             ok
          Talarisok 590-T Pri.                            ok




          PC Chart Documentation                              Page 59 of 77


                        Table 4.4 - Compatible Laser Printers

          Desc.                   EPS-FX  EPS-LQ  IBM-PRO HP-Laser

          TI Microlaser                                   ok
          Toshiba PageLaser6                      ok      ok
          Unisys AP 9206          ok              ok      ok
          Unisys AP 9215-1        ok              ok      ok
          Unisys AP 9230          ok              ok      ok
          Unisys AP 9415                                  ok

          PC Chart is compatible with hundreds of printers.  If you own a
          printer which is not listed in the preceding tables, the program
          will probably still work on your printer.  Refer to your printer
          documentation,  your printer probably emulates either the
          EPSON-FX, EPSON LQ, IBM PROPRINTER, or HP LASERJET printers.

          Some older printers may not work with PC Chart.   We have
          collected a variety of shareware programs which will allow you to
          print your charts on a variety of dot-matrix, inkjet, and laser
          printers.  Please contact us for information.

          Guru Systems Ltd.
          314 E. Holly #106
          Bellingham, WA 98225
          [phone]

          Business hours: Monday to Friday  9 - 5 pm Pacific Time

          Or send us an E-mail message on CompuServe or GEnie.

          CIS  :  72717,1651
          GEnie:  G.QUONG
























          PC Chart Documentation                              Page 60 of 77












                                       Part 5

          On-Line Price Information

          This part of the manual explains how to update price files
          automatically over the telephone lines.  All Quotes, Dial/Data
          and GEnie are the data services used for price information.  The
          advantage of on-line information is the timeliness of the data.
          Actual buy and sell decisions are based upon the latest
          available information.

          The INDEX symbol file will not update properly from All-Quotes,
          Dial/Data, or GEnie.  We manually enter price and volume
          information for indices, because the dialup services we support
          do not transmit the proper volume information.

          All-Quotes, Dial/Data, and GEnie change their dialup procedures
          at irregular intervals.  PC Chart is modified to reflect these
          changes.  If Version 1.4 of PC Chart (released January 1, 1992)
          does not download information on any of these data services, then
          they may have made some changes.

          If this situation occurs, please contact us for the latest
          version of PC Chart.  We will be happy to supply you a copy of
          the most recent version of PC Chart for a $4 fee (FREE SHIPPING).
          Each person will be allowed to accept this offer only once.

          The dialup telecommunication routines in PC Chart (US Version)
          are designed to work in the United States.  However, GEnie
          maintains its own communications network and PC Chart will work
          in any country which GEnie has local access numbers.  GEnie has
          be accessed through other data networks, but PC Chart does not
          support this feature.

          We also sell a Canadian Version of PC Chart which fully supports
          All-Quotes, Dial/Data, and GEnie.  This version will be
          made available to Canadian shareware vendors and BBS's (ASP).










          PC Chart Documentation                              Page 61 of 77



                                      Chapter 5

          On-line Price Information

          5     Introduction to Telecommunications                       63

                5.1     All-Quotes                                       63

                        5.1.1   All-Quotes Menu Structure                64

                        5.1.2   Daily                                    64

                        5.1.3   Create                                   65

                        5.1.4   Manual                                   65

                        5.1.5   Update                                   65

                        5.1.6   Recreate                                 66

                5.2     Dial/Data                                        66

                        5.2.1   Daily                                    68

                        5.2.2   Create                                   71

                        5.2.3   Manual                                   72

                        5.2.4   Update                                   73

                        5.2.5   Recreate                                 73

                   5.3  GEnie                                            74

                        5.3.1   Daily                                    74

                        5.3.2   Manual                                   75

                        5.3.3   Update                                   76

















          PC Chart Documentation                              Page 62 of 77


          5   Introduction to Telecommunications

          It is not necessary to use the telecommunications capabilities of
          PC Chart to effectively use all the capabilities of the program.
          Manual entry of price information is quick and efficient.
          However, for convenience we have included telecommunication
          capabilities in this package.

          Telecommunications requires at least one available RS 232C serial
          port, a Hayes compatible 1200 or 2400 Baud modem, and a phone
          connection. Four Hayes compatible modems have been tested.

          1.  Package Bell PB1200 modem.
          2.  Qubie 1200 Baud Modem.
          3.  Cardinal 2400 Baud Modem
          4.  U.S. Robotics Courier 2400 External Modem

          5.1  All-Quotes

          All-Quotes is an economical source for real time stock and
          commodity quotations.  Real-time, delayed, and end of day
          information for stocks, options, and commodities listed on the
          following exchanges are available on All-Quotes.

                      Table 5.1 -  Stock Exchange Abbreviations

          Abbreviation        Exchange

          AMEX                American Exchange
          BSE                 Boston Stock Exchange
          CBT                 Chicago Board of Trade
          CME                 Chicago Mercantile Exchange
          COMEX               Chicago Commodity Exchange
          CSE                 Cincinati Stock Exchange
          CSC                 Coffee Sugar & Cocoa
          CE                  Cotton Exchange
          MSE                 Mid West Stock Exchange
          NASDAQ              NASDAQ
          NYFE                New York Futures
          NYME                New York Mercantile
          NYSE                New York Stock Exchange
          O                   Options
          PSE                 Philadelphia
          ASE                 Alberta Stock Exchange
          NYSE                New York Stock Exchange
          MSE                 Montreal Stock Exchange
          TCO                 TransCanada Options
          TSE                 Toronto Stock Exchange
          VSE                 Vancouver Stock Exchange

          The information available for each stock is prior close, open,
          high, low, last, bid, ask, dollar value of trading, and number of
          shares traded.




          PC Chart Documentation                              Page 63 of 77



          5.1.1  All-Quotes Menu Structure

          The All-Quotes menu is listed below.

     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.    Wed May 11 1990 16:34:18
     ======================================================================
      Analysis  File  MODEM  Setup  Exit
     ======================================================================
                     +================++==============+
                     | A:  All-Quotes || A:  DAILY    |
                     | B:  Dial/Data  || B:  Create   |
                     | C:  GEnie      || C:  Manual   |
                     +================+| D:  Update   |
                                       | E:  Recreate |
                                       +==============+

                            Figure 5.1 - All-Quotes Menu

          5.1.2  Daily

          The DAILY item on the modem menu is used to download real-time,
          delayed, or end of day quotes from All-Quotes.  When you choose
          this item another menu pops up.  This menu lists all symbol files
          except the symbol file which contains the names of the
          Advance/Decline files.

          Your choice of a symbol file will automatically activate the
          downloading process. The program automatically dials the
          appropriate phone number, and logs onto All-Quotes.  The relevant
          information is saved in a disk file, then processing begins to
          convert this data file into a form which PC Chart can use.  When
          you download information from All-Quotes, Dial/Data, or GEnie the
          information is stored in a "*.tel" file.

          After the "*.tel" file is saved, then PC Chart reads the file and
          the volume, open, high, low, and close will automatically appear
          beside each of the stocks.  Check the information visually and
          edit any incorrect entries, press F2 to update the price files.
          You will notice when you download commodity information that the
          open interest is the same as the volume because All-Quotes does
          not supply open interest information.

          When you update stocks the date of each entry is compared to the
          latest record from that price file.  If the date matches the
          latest price record then this information is presumed to be the
          latest information and is written over the price record.

          This feature allows you to update prices on stocks, options, and
          commodities that you track more then once a day.  The latest
          information is simply written over the last record of the price
          file.

          The information in "*.tel" can be viewed with a text editor or by
          using the ASCII mode of a word processing program.


          PC Chart Documentation                              Page 64 of 77



          To print any *.tel use these commands.

          print filename.tel  (filename of *.tel file)

          or

          copy filename.tel  lpt1:

          5.1.3  Create

          The Create option in the All-Quotes menu is used to create one
          price file.

          Follow the instructions listed below and PC Chart will create a
          file and download the historical information from Dial/Data.

          1.  Type in the name of the security or commodity future.
          2.  Type in the Ticker Symbol and Exchange.
          3.  Type in the number of days of history you want. (max 100)
          4.  Wait about 1 or 2 minutes, while PC Chart gets the
              information for you.
          5.  Edit the information and save it to disk by pressing F2.

          5.1.4  Manual

          The MANUAL item on the modem menu is used to acquire information
          by interacting with All-Quotes. One example of such usage is  to
          confirm the validity of the stock codes before you begin to use
          the Daily item of the modem menu.  The program automatically
          signs onto All-Quotes.  After you invoke the MANUAL option, PC
          Chart phones All-Quotes, enters your password, and the following
          message "STOCK SYMBOL:" should appear.  Type in various stock
          symbols to get the prior close, open, high, low, last, bid and
          ask, trading volume and dollar volume. When you are finished type
          LOGOFF to end the session. All-Quotes will then inform you of the
          elapsed time of the session.  The information downloaded from
          All-Quotes is saved in a file named "QUERY.TEL".  The data
          contained in the file is not used to update price files.  You
          can use a word processing program or program editor to view the
          information in this file. Another method would be to scan the
          contents on the screen using the DOS command TYPE.

          type query.tel

          When you invoke the MANUAL option a stop-watch should be used
          to end each session at one minute increments.  Each session
          should be planned in advance to take one, two, or several
          minutes.  Remember, if you use All-Quotes for one minute and one
          second you are still charged for two minutes of connect time. USE
          YOUR YOUR TIME WISELY.

          5.1.5  Update

          The UPDATE  item on the modem menu is used to update all the
          price files of a particular symbol file from the

          PC Chart Documentation                              Page 65 of 77



          telecommunication file. The price information on the spreadsheet
          which is stored in your computer RAM (temporary) is used to
          update the files stored on your disk (permanent).

          This UPDATE function takes a telecommunication file stored in
          permanent memory (floppy or hard disk) then converts it into
          information shown on the spreadsheet. The date, volume,
          high, low, and close information on each stock can be visually
          checked for correctness. The next step is to update price files.
          Press F2 to save the information to disk.

          When you update stocks the date of each entry is compared to the
          latest record from that price file. If the date matches the
          latest price record then this information is presumed to be the
          latest information and is written over the price record.

          The UPDATE function is used to update or to visually scan the
          latest real-time data. When you download the price information
          using the DAILY function the extension of the file that it saved
          under is ".TEL". The information in these telecommunication files
          (TEL) is not necessarily used to update price files .

          The DAILY program function will not update information if the
          ESC key is pressed.  The UPDATE function can be used later to
          update price files, if the updating function of DAILY is aborted.
          It also can be used to visually scan the latest information.

          5.1.6  Recreate

          The RECREATE function is used to recreate the price file.  The
          CREATE option will not update information if the ESC key is
          pressed.  Sometimes, when the phone line is noisy an extra line
          feed is introduced at the start of the block of 10 days
          of information.

          Consequently, when PC Chart misses a few days when it processes
          the information in the "*.tel" communication file.  The solution
          to this problem is to edit the communication file.  For example,
          if you create a price history for IBM you can use the CREATE
          option to save all the information to the "ibm.tel" file.  Then
          you can use a text editor (included in DOS 5.0)  or word
          processor to edit any erroneous line feeds. Then, you can go back
          into PC Chart and use the RECREATE option to create a correct
          price history.

          5.2  Dial/Data

          Dial/Data allows you to track securities, options, mutual funds,
          bonds indices and commodities.  Dial/Data tracks all stocks,
          bonds, rights, warrants, government issues and mutual funds.
          Technical data is available from 1970 for all original Standard &
          Poor's issues.  Data consists of high, low, close, and volume for
          the following exchanges.


          PC Chart Documentation                              Page 66 of 77


          New York Stock Exchange - NYSE
          Government Agencies - Bid, Ask, Yield
          American Stock Exchange - AMEX
          Mutual Funds - Net Asset Value
          Over The Counter - NASDAQ
          Money Market - Yield & Ave. Day to Mat.
          Montreal Stock Exchange - MSE
          Toronto Stock Exchange - TSE
          Vancouver Stock Exchange - VSE

          The latest year is available for all EQUITY and INDEX options
          listed on U.S. exchanges.  New options and new exchanges are
          added on the day they begin trading.  Daily open, high, low,
          close, volume and open interest as well as data on all underlying
          securities are available on the following exchanges:

          Chicago Board of Options Exchange - CBOE
          Pacific Stock Exchange - PSE
          American Stock Exchange - AMEX
          New York Stock Exchange - NYSE
          Philadelphia Stock Exchange - PBW

          Dial/Data has market statistics and information on various market
          indices and time shared data on commodity futures contracts.  The
          commodity data base goes back to 1963 with selected cash series
          beginning 1958.  New contracts and commodities are added as soon
          as they begin trading.   Early access - 7:00 p.m. (EST).  Daily
          price - open, high, low, close, volume and open interest is
          available for all commodities on the following exchanges.

          Chicago Board of Trade
          Minneapolis Grain Exchange
          Chicago Mercantile Exchange
          New York Coffee, Sugar and Cocoa Exchange
          Commodity Exchange, Inc.
          New York Cotton Exchange
          International Monetary Exchange
          New York Futures Exchange
          Kansas City Board of Trade
          New York Mercantile Exchange
          Mid America Winnipeg Grain Exchange

     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.    Wed May 11 1990 16:34:18
     ======================================================================
      Analysis  File  MODEM  Setup  Exit
     ======================================================================
                     +================++==============+
                     | A:  All-Quotes || A:  DAILY    |
                     | B:  DIAL/DATA  || B:  Create   |
                     | C:  GEnie      || C:  Manual   |
                     +================+| D:  Update   |
                                       | E:  Recreate |
                                       +==============+

                             Figure 5.2 - Dial/Data Menu



          PC Chart Documentation                              Page 67 of 77



          5.2.1  Daily

          This Daily option is used to download all price files in a ticker
          file in one session.

          The default date requested from Dial/Data is the current date.
          The normal method of operation is to update price and volume
          information daily.  To update the entire week's data on Friday,
          you can first request Monday's, Tuesday's, Wednesday's,
          Thursday's, and then Friday's information.  Today's date is July
          8, 1991, and the following example will show you how to download
          information about the thirty stocks in the Dow Jones Industrial
          Average.

          REGISTERED USERS:  First, choose the DOW30 symbol file, and
          accept today's date by pressing Enter.

          SHAREWARE USERS:  Choose the NYSE symbol file.

          On the second line of the screen the following messages will
          appear.  (Registered Users Only)

          1.      ATZ
          2.      ATDT 1 206 733 2720
          3.
          4.      D1
          5.      SET 2:0
          6.      C 212065,TDC01,DIAL01
          7.
          8.      USR.DDX.001
          9.      SESAME
          10      USERCODE PASSWORD CHARGECODE
          11.     07/08/91
          12.     ALD;AA;AXP;T;BS
          13.     BA;CAT;CHV;KO;DIS
          14.     DD;EK;XON;GE;GM
          15.     GT;IBM;IP;JPM;MCD
          16.     MRK;MMM;MO;PG;S
          17.     TX;UK;UTX;WX;Z
          18.     BYE
          19.     C
          20.     C:  Set 1
          21.     C:  Set 2
          22.     C:  Set 3

          Each message will be preceded by a short pause.  The DOW30.TEL
          file will look something like this.

          ATZ
          OK
          ATDT 1 206 733 2720
          CONNECT 1200
          terminal=D1
          @ SET 2:0


          PC Chart Documentation                              Page 68 of 77



          @ C 2121065,TDC01,DIAL01
          313 41 Connected
          ****    Track Data System 52    / Press NEW-LINE to begin logging
          on ****
          AOS/VS 22.02.00.00 / EXEC-32 2.02.00.00  8-Jul-91 12:16:56
          @VCON19

          Username: USR.DDX.001
          Password: --------

          Most recent logon        8-Jul-91       12:08:52

          #ENTER USERCODE PLEASE -
          D/D
          INP
          07/08/91
          INP
          ALD;AA;AXP;T;BS
          INP
          BA;CAT;CHV;KO;DIS
          INP
          DD;EK;XON;GE;GM
          INP
          GT;IBM;IP;JPM;MCD
          INP
          MRK;MMM;MO;PG;S
          INP
          TX;UK;UTX;WX;Z
          INP
          BYE
          PRI
          C
          @DD1 = ???DALD  1910708  3320  3328  3320  3328110350     0%%%
          @DD1 = ???DAA   1910708  6704  6804  6620  6728113390     0%%%
          @DD1 = ???DAXP  1910708  2128  2204  2124  2200146430     0%%%
          @DD1 = ???DT    1910708  3820  3824  3812  3820151880     0%%%
          @DD1 = ???DBS   1910708  1608  1616  1604  1616112320     0%%%
          @DD1 = ???DBA   1910708  4408  4416  4404  4408136190     0%%%
          @DD1 = ???DCAT  1910708  4808  4812  4800  4800 64600     0%%%
          @DD1 = ???DCHV  1910708  6812  6824  6812  6824124800     0%%%
          @DD1 = ???DKO   1910708  5508  5516  5504  5512124950     0%%%
          @DD1 = ???DDIS  1910708 11612 11716 11612 11708118370     0%%%
          @DD1 = &&& 14066        30
          &&&C












          PC Chart Documentation                              Page 69 of 77



          @DD1 = ???DDD   1910708  4612  4624  4604  4608126150     0%%%
          @DD1 = ???DEK   1910708  3912  3928  3912  3924137210     0%%%
          @DD1 = ???DXON  1910708  5708  5712  5628  5712140230     0%%%
          @DD1 = ???DGE   1910708  7312  7320  7300  7312150080     0%%%
          @DD1 = ???DGM   1910708  4204  4216  4128  4212130940     0%%%
          @DD1 = ???DGT   1910708  3316  3328  3312  3328 94500     0%%%
          @DD1 = ???DIBM  1910708  9800  9828  9724  9820152150     0%%%
          @DD1 = ???DIP   1910708  7116  7116  7104  7112110550     0%%%
          @DD1 = ???DJPM  1910708  5124  5204  5120  5128 60700     0%%%
          @DD1 = ???DMCD  1910708  3224  3228  3220  3224140970     0%%%
          @DD1 = &&& 14607        30
          &&&C

          @DD1 = ???DMRK  1910708 11616 11708 11600 11704116480   0%%%
          @DD1 = ???DMMM  1910708  9016  9020  9000  9008110490     0%%%
          @DD1 = ???DMO   1910708  6508  6512  6500  6512157360     0%%%
          @DD1 = ???DPG   1910708  7816  7600  7808  7828112760     0%%%
          @DD1 = ???DS    1910708  3712  3716  3704  3712114560     0%%%
          @DD1 = ???DTX   1910708  6004  6012  6000  6004124380     0%%%
          @DD1 = ???DUK   1910708  2004  2020  2000  2020125300     0%%%
          @DD1 = ???DUTX  1910708  4416  4420  4408  4416115900     0%%%
          @DD1 = ???DWX   1910708  2624  2624  2612  2616132040     0%%%
          @DD1 = ???DZ    1910708  3020  3024  3016  3020110510     0%%%
          @DD1 = &&& 14469        30&&


          The information in the DOW30.TEL file can be viewed by using a
          text editor or by using the ASCII mode of a word processing
          program.  To print the DOW30.TEL file use these commands.

          print dow30.tel

          or

          copy dow30.tel  lpt1:

          PC Chart takes the information contained in the DOW30.TEL file
          and displays it in a spreadsheet-like format.


















          PC Chart Documentation                              Page 70 of 77

     Volume:  103500                          Mon Jul 08 1991 09:18:32

        Ticker   Exchange Date     Volume    High     Low     Close
     1  ALD      NYSE     91/0708  103500    33.98    33.63   33.88
     2  AA       NYSE     91/0708  133900    68.13    66.63   67.88
     3  AXP      NYSE     91/0708  464300    22.13    21.75   22.00
     4  T        NYSE     91/0708  518800    38.75    38.38   38.63
     5  BS       NYSE     91/0708  123200    16.50    16.13   16.50
     6  BA       NYSE     91/0708  361900    44.50    44.13   44.25
     7  CAT      NYSE     91/0708  64600     48.38    48.00   48.00
     8  CHV      NYSE     91/0708  248000    68.75    68.38   68.75
     9  KO       NYSE     91/0708  249500    55.50    55.13   55.38
     10 DIS      NYSE     91/0708  183700   117.00   116.38  117.25
     11 DD       NYSE     91/0708  261500    46.75    46.13   46.25
     12 EK       NYSE     91/0708  372100    39.88    39.38   39.75
     13 XON      NYSE     91/0708  402300    57.38    56.88   57.38
     14 GE       NYSE     91/0708  500800    73.63    73.00   73.38
     15 GM       NYSE     91/0708  309400    42.50    41.88   42.38
     16 GT       NYSE     91/0708  94500     33.88    33.38   33.88
     17 IBM      NYSE     91/0708  521500    98.88    97.75   98.63
     18 IP       NYSE     91/0708  105500    71.50    71.13   71.38
     19 JPM      NYSE     91/0708  60700     52.13    51.63   51.88
     20 MCD      NYSE     91/0708  409700    32.88    32.63   32.75

                 Figure 5.3 - Updating All Thirty Stocks in the DJIA

          The information can be saved by pressing F2.

          5.2.2  Create

          The Create option in the Dial/Data menu is used to create one
          price file.

     Date:                                         Mon Jul 08 1991 09:18:32

        Symbol   Exchange Date     Volume    High     Low     Close
     1  CA       NYSE     91/0501  298800    8.6250   8.3750  8.3750
     2                    91/0502  633200    8.5000   8.1250  8.2500
     3                    91/0503  1442300   8.1250   7.6250  7.8750
     4                    91/0506  1058600   8.1250   7.6250  7.8750
     5                    91/0507  529000    8.0000   7.8750  7.8750
     6                    91/0508  455300    7.8750   7.6250  7.7500
     7                    91/0509  320400    7.8750   7.7500  7.8750
     8                    91/0510  608300    8.0000   7.8750  7.8750
     9                    91/0513  496400    8.0000   7.7500  7.8750
     10                   91/0514  210600    7.8750   7.7500  7.7500
     11                   91/0515  1067100   7.8750   7.2500  7.3750
     12                   91/0516  626500    7.6250   7.3750  7.6250
     13                   91/0517  835700    7.8750   7.3750  7.7500
     14                   91/0520  312200    7.8750   7.7500  7.8750
     15                   91/0521  469200    7.8750   7.6250  7.7500
     16                   91/0522  2214200   8.6250   8.1250  8.6250
     17                   91/0523  1888600   9.3750   8.8750  9.0000
     18                   91/0524  825600    9.2500   9.0000  9.1250
     19                   91/0528  1146700   9.5000   9.0000  9.5000
     20                   91/0529  2214000   9.8750   9.5000  9.6250
                    Figure 5.4 - Creating A File using Dial/Data

          PC Chart Documentation                              Page 71 of 77


          Follow the instructions listed below and PC Chart will create a
          file and download the historical information from Dial/Data.

          1.  Type in the name of the security or commodity future.
          2.  Type in the Ticker Symbol and Exchange.
          3.  Type in the begin and end dates.
          4.  One hundred days of historical information will take
              about one to two minutes.

          On the second line of the screen the following messages will
          appear.

          1.      ATZ
          2.      ATDT 1 206 733 2720
          3.
          4.      D1
          5.      SET 2:0
          6.      C 212065,TDC01,DIAL01
          7.
          8.      USR.DDX.001
          9.      SESAME
          10      USERCODE PASSWORD CHARGECODE
          11.     (CA) 05/01/91 07/01/91
          12.     BYE
          13.     C:  Set 1
          14.     C:  Set 2
          15.     ...

          5.2.3  Manual

          The MANUAL item on the modem menu is used to acquire information
          by interacting with Dial/Data. One example of such usage is
          to confirm the validity of the stock codes before you begin to
          use the Daily item of the Dial/Data menu.  The program
          automatically signs onto Dial/Data. After you invoke the MANUAL
          option, PC Chart phones Dial/Data enters your password, and
          the following message "INP" should appear.

          Follow the following steps to get information from Dial/Data.

          1.  Type in the current date or date range.

          07/08/91

          or

          01/01/91 07/08/91

          2.  Type in stock symbols.

          IBM
          TXN





          PC Chart Documentation                              Page 72 of 77


          3.  To get prices type:

          BYE

          4.  Type "C" until you see the word "END".

          The information downloaded from Dial/Data is saved in a file
          named "QUERY.TEL". The data contained in the file is not used
          to update price files.  You can use a word processing program or
          program editor to view the information in this file. Another
          method would be to scan the contents on the screen using the DOS
          command TYPE.

          type query.tel

          5.2.4  Update

          The UPDATE item on the modem menu is used to update all the
          price files of a particular symbol file from the
          telecommunication file. The price information on the spreadsheet
          which is stored in your computer RAM (temporary) is used to
          update the files stored on your disk (permanent).

          This UPDATE function takes a telecommunication file stored in
          permanent memory (floppy or hard disk) then converts it into
          information shown on the spreadsheet. The date, volume, high,
          low, and close information on each stock can be visually checked
          for correctness. The next step is to update price files. Press F2
          to save the information to disk.

          When you update stocks the date of each entry is compared to the
          latest record from that price file. If the date matches the
          latest price record then this information is presumed to be the
          latest information and is written over the price record.

          The UPDATE function is used to update or to visually scan the
          latest intraday data. When you download the price information
          using the DAILY function the extension of the file that it saved
          under is ".TEL". The information in these telecommunication
          files (TEL) is not necessarily used to update price files .

          The DAILY program function will not update information if the
          ESC key is pressed.  The UPDATE function can be used later to
          update price files, if the updating function of DAILY is aborted.
          It also can be used to visually scan the latest information.

          5.2.5  Recreate

          The RECREATE function is used to recreate the price file.  The
          CREATE option will not update information if the ESC key is
          pressed.  Sometimes, when the phone line is noisy an extra line
          feed is introduced at the start of the block of 10 days of
          information.




          PC Chart Documentation                              Page 73 of 77



          Consequently, when PC Chart misses a few days when it processes
          the information in the "*.tel" communication file.  The solution
          to this problem is to edit the communication file.  For example,
          if you create a price history for IBM you can use the  CREATE
          option to save all the information to the "ibm.tel" file.  Then
          you can use a text editor or word processor to edit any erroneous
          line feeds.  Then, you can go back into PC Chart and use the
          RECREATE option to create a correct price history.

          5.3  GEnie

          GEnie is one of the most popular on-line databases in North
          America. GEnie Quotes contains daily and historical information
          relating to over 67,000 security issues of all types from common
          stocks to mutual funds.  Information is gathered from the NYSE,
          AMEX,  NASDAQ and other sources.  All the data is available using
          menus and a few simple commands.

     PC Chart 1.4 (C) 1988-92 Guru Systems Ltd.    Wed May 11 1990 16:34:18
     ======================================================================
      Analysis  File  MODEM  Setup  Exit
     ======================================================================
                     +================++==============+
                     | A:  All-Quotes || A:  DAILY    |
                     | B:  Dial/Data  || B:  Create   |
                     | C:  GENIE      || C:  Manual   |
                     +================+| D:  Update   |
                                       | E:  Recreate |
                                       +==============+

                               Figure 5.5 - GEnie Menu

          5.3.1  Daily

          The Daily option in the GEnie menu is used to update all price
          files in a symbol file in one session.

          The default date requested from GEnie is the current date.  The
          normal method of operation is to update price and volume
          information daily.  Since GEnie Star Services stores only the
          last two days, one must update your price files daily or every
          second day.  Type in yesterday's date to get that day's
          information or today's to get the most current price and volume
          information. The default date requested from GEnie is the current
          date.  The normal method of operation is to update price and
          volume information daily.

          For Daily updates:

          1.  Choose the appropriate symbol file.
          2.  Press <Enter> to select today's date.





          PC Chart Documentation                              Page 74 of 77



          3.  The program will now access GEnie automatically and download
              the appropriate information.  Thirty stocks will take
              approximately two minutes and twenty-five seconds at a speed
              of 2400 baud.  The following messages will appear on the
              second line.  (DOW30 ticker file - Registered Users Only)

              a.  ATZ
              b.  ATDT 683 6992
              c.  USERID PASSWORD
              d.
              e.  1
              f.  8
              g.  1
              h.  3
              i.  ALD, AA, AXP,T, BS
              J.
              k.  BA,CAT,CHV,KO,DIS
              l.
              m.  DD,EK,XON, GE,GM
              n.
              o.  GT,IBM,IP,JPM

                          Figure 5.6 - Updating Price Files

          5.3.2  Manual

          The MANUAL item on the modem menu is used to acquire information
          by interacting with GEnie. One example of such usage is to
          confirm the validity of the stock codes before you begin to use
          the Daily item of the GEnie menu.  The program automatically
          signs onto GEnie. After you invoke the MANUAL option, PC
          Chart phones GEnie and enters your password.  To inquire
          about specific issues look at the menu prompts and choose the
          appropriate options.  The information downloaded from GEnie is
          saved in a file named "QUERY.TEL". The data contained in the file
          is not used to update price files.  You can use a word
          processing program or text editor to view the information in this
          file. Another method would be to scan the contents on the screen
          using the DOS command TYPE.

          type query.tel

          To print out this file.

          print query.tel

          or

          copy query.tel lpt1:







          PC Chart Documentation                              Page 75 of 77



          5.3.3  Update

          The UPDATE item on the modem menu is used to update all the
          price files of a particular symbol file from the
          telecommunication file. The price information on the spreadsheet
          which is stored in your computer RAM (temporary) is used to
          update the files stored on your disk (permanent).

          This UPDATE function takes a telecommunication file stored in
          permanent memory (floppy or hard disk) then converts it into
          information shown on the spreadsheet. The date, volume, high,
          low, and close information on each stock can be visually checked
          for correctness. The next step is to update price files. Press F2
          to save the information to disk.

          When you update stocks the date of each entry is compared to the
          latest record from that price file. If the date matches the
          latest price record then this information is presumed to be the
          latest information and is written over the price record.

          The UPDATE function is used to update or to visually scan the
          latest data. When you download the price information using the
          DAILY function the extension of the file that it saved
          under is ".TEL". The information in these telecommunication files
          (TEL) is not necessarily used to update price files.

          The DAILY program function will not update information if the
          ESC key is pressed.  The UPDATE function can be used later to
          update price files, if the updating function of DAILY is aborted.
          It also can be used to visually scan the latest information.

          The following procedure can be used to update your stocks using
          GEnie every second day.  Request yesterday's date when you use
          the Daily option of the GEnie menu.  Save the information using
          the <F2> key.  Then use the Update option in the GEnie to get
          today's information from the "*.tel" file.


                                 Bibliography


          Cohen, A.W., The Chartcraft Method of Point and Figure Trading,
          3rd printing, Larchmont, New York:  Chartcraft, Inc. 1967

          Frost and Prechter, Elliot Wave Principle:  Key to Stock Market
          Profits, 5th Ed., New York City, New Classics Library, Inc., 1985

          Granville, Joseph E., Granville's New Strategy of Daily Stock
          Market Timing for Maximum Profit, 11th printing, Englewood New
          Jersey: Prentice-Hall, Inc. 1976

          Wilder, J. Welles, New Concepts in Technical Trading Systems,
          Greensboro, N.C., Trend Research.



          PC Chart Documentation                              Page 76 of 77



                                        Index

          Advance/Decline Indicators                    47
          Advance/Decline File Maintenance              23
          All-Quotes                                    52, 64
          Analysis Menu                                 6, 7, 40
          Backing Up Your Disks                         3
          Create A/D File                               23, 26, 27
          Creating Price Files                          14
          Creating and Editing Symbol Files             16
          Data Verification                             29
          Dial/Data                                     53, 66
          Directional Movement Index                    38, 40, 41
          Drive                                         50, 51
          Edit A/D File                                 27
          Edit Symbol File                              20
          Editing Price Files                           20
          Elliot Wave Theory                            XVII, 44
          Exiting the Program                           11
          File Menu                                     8
          GEnie                                         II, XVI, 54, 74
          Installation                                  4
          Introduction to Telecommunications            63
          Logarthmic Plot                               41
          Main Menu                                     5
          Manual                                        65, 72, 75
          Modem                                         10, 63
          Money Flow                                    45
          Monthly Chart                                 44
          Moving Averages                               33
          Parabolic System                              38, 39
          Parameters                                    46, 52, 53
          Point & Figure                                42
          Price/Volume                                  33
          Printing a Chart                              35
          Relative Strength                             35
          Setup                                         5, 7, 9
          Starting the program                          3, 5
          Stochastics                                   43
          Technical Analysis                            3, 5
          Update A/D                                    23
          Updating Price Files                          18
          Weekly Chart                                  43













          PC Chart Documentation                              Page 77 of 77